I would guess that successful arbitrage arrangements are fairly rare but are possible if you are able to provide value/service to all parties and all aspects of your business

If you refi into a 30 year, your debit service will be about $5k +taxes and insurance, whatever that is in OR. 

What digging I've done has been in valuing professional services practices (same issue: owner does the "labor", has client loyalty, etc.) as well as medical practices (patients loyal to a doctor more than a physical address).  

This got me thinking....I, like you it sounds, have the skill set to do many of the repairs myself.

Thank you for your service in both the first responder and military realm.

I see a lot of people on these forums highly recommending your services - and I can already tell it's for great reason!

Aside from the landlord being negligent about maintenance and repairs, the unit was not compliant with city codes. 

Several Property Management companies are around the area with teams available from management to repairs.

Ive had this done before just make sure it is within the property line and write up your own small contract that the tenant is responsible for its upkeep and repair plus the fact that it stays when they leave.

Multifamily rentals help add the extra protection against vacancy and they typically always debt service themselves.You can also focus on amenity style homes or locations to increase your STR ROI and focus on either turn key or TLC properties to speed up the ARV potential.