Many pest companies stated this was the worse infestation they had ever seen.Despite its condition, the property presented an attractive investment opportunity due to its below-market listing price.

The lower your price, the worst guests you attract, both in reviewing you and in doing damage to your furnishings. 

I only allow tenants to pay on the 1st of the month but I would consider alternate payment schedules dependent on the situation and tenant if they asked.

These areas tend to attract more reliable, long-term tenants who are usually more financially stable and take better care of the property.

I think of it as the rent where I can READILY attract GOOD tenants and also KEEP them more than 2 years on average.

It could impact your home equity and financial security.For a safer and more specialized alternative, consider a Fix & Flip loan. 

I understand that appreciation certainly helps an individual build equity, but I also am attracted to consistent cash-flow with a steady (albeit possibly slower) appreciation growth. 

If the rental income doesn’t sufficiently cover the debt payments by their standards, they’ll limit the loan amount, even if the property is worth more.You could try a few alternatives:•Look for lenders who specialize in commercial real estate and have more flexible DSCR requirements.

Alternatively you may decide not to address the capex but be prepared to deal with high frequency maintenance requests with duct tape repairs. 

It’s known for its affordable property prices and steady rental demand, which makes it an attractive option for reliable cash flow.