He was more expensive because now I gotta pay someone else to fix it.But here's the other side of the license issue.

I bet if converted BACK, it would be 4br+, probably a rather spacious 4br+: - a whole lot easier to rent given much more demand for such vs efficiency or 1brs- no longer competing in any way against apartments- no more utility issues, because tenants cover 100% of there own utilaties- no more headaches of wrangling different persons to play nice togetherAnd on and on and on...... 

The LLC is just me and my wife that owned the initial property so that wouldn't be an issue here. 

Assume a couple of months of vacancy, consider potential unexpected repairs (like HVAC or plumbing issues), and test the numbers with rents dropping by 10-15%.

Verify its condition and ensure the seller discloses any known issues.

They refuse to get their payment processor on a call with me and amex to resolve the issue. 

The Fannie and Freddie programs handle this issue slightly differently.

I don't anticipate any issues, but you never know.

Get there in person and find the house in a sink hole or wrapped in meth lab tape or some other huge issue not seen online.#5 There used to be a lady named Sandra Edmonds I believe and she went by the name of TAx Lien Lady. 

While they may or may not be professionally managed, Class C properties will have some deferred maintenance issues and need renovations and upgrades.