As a property owner, you are generally responsible for a number of maintenance repairs.

Toby is one of the owners/founders of Anderson Business Advisors of which I'm a client of.

I have done about 2k move in and outs, and have about 300 sec 8 and other govt programs, so I know a thing or two :) I just got 800 for a 1 br,950 for a two br. 1275 for a 3 br, but owner pays water so its like 1100.  

Possibly buying a home that is for sale by owner.  

I have made it a hard fast rule to never let anyone move in until the sec dep, pet dep, rent and utilities are turned on in their name.

Although I stress again that cash flow less taxes is a number only relevant to one taxpayer-property owner.

If the property owner is a "long time childhood friend", then she may be willing to cut you a deal where she pays for the closing costs and/or she may contribute to any repair/remodeling work that the property may need.Once you move in you could house hack and start saving money so that you can acquire more properties. 

I currently live in a senior and multigenerational community, original owners from 1980s, we have garden day once a month.

Too many owners being over-leveraged is what lead to massive foreclosures in the last big downturn 2008-2010.

On Propwire, when looking at fix and flips it only shows you the current owner, not the investor who bought and sold to the current owner.