Do not get caught up in the fine details, have a conversation and get that seller into a contract, then you'll have the need to get the house wholesaled.

Hey Will,As a PM in the area:-have a lawyer look over your lease-make sure EVERYTHING is in your lease (who replaces air filters, who replaces smoke detectors batteries, who cuts grass)-be thorough with background inspections-make sure tenant is aware (and is in lease) on when fines occur for late rent and how much they areThose are things that first come to mind.In can be expensive and time consuming to set it all up the first time and do it in a way that protects yourself and your investment.Let me know if I can help in any way!

I assume since it is an as is property it wont handle bank financing until a renovation occurs which is fine with me since it is forward motion.You are all the best!

I'm sure you'll do fine with that deal, but  if it were me, I wouldn't want to scale/own a large portfolio in a town that small.

That should be fine..

Small/medium towns and cities are fine.

My broker is fine with this as long as I still have other business coming in.

All fine so far.As soon as they move, they start complaining from day 1.

If your goal is to pursue a non-real estate related career and just buy a few properties for some extra income/investments then you'd probably be fine by reading a couple BiggerPockets books and listening to the podcast.

If so, title should be fine as it is basically a normal purchase.