If you work with local accountant I recommend speaking with him regarding this cause things can vary state to state.

@Robert Mcquillan unless you are living in the property in Colorado you can't do the mitigation yourself.Account Closed so generally speaking, I want to have the asbestos mitigated in property I own but not in every case has it happened.

I have about $20k in student loan debt and have been throwing around the idea of putting it on the market in the spring in order to give me a clean slate financially speaking.

Generally speaking, you'll still pay as much to demo, as hauling off the debris is the expensive part (and it's unlikely the fire department will do that for you)...The benefit is that you may get a tax benefit by donating the house to the jurisdiction for use -- of course, it will depend on whether it is "safe" to burn the house down for training purposes or not. 

I can only speak to my case, but I house hacked my first duplex, so by the time we were looking for a second pure investment property, we had rental income on tax returns.I think that some, do the BRRR strategy using non-conventional loans for the purchase and rehab.  

I currently have 4 Duplexes, but am looking at some SFH as we speak.

I've spoken with a few lenders and would highly recommend speaking with Jason Vonk of guaranteedrate.com.

Perhaps you may want to speak with a realtor about viewing REOS on the MLS.You can't view them (legally) prior to auction, and they are no longer owner occupied if final judgment has been obtained already.

Happy to find some time to speak with you and give you the ins-and-outs of how we operate, and more generally what we're seeing across the industry.

So love to Speak some more very intrigued by the project you mentioned below.Sincerely Alex Hey everyone, I'm currently a property manager in Columbia South Carolina for a newly developed student housing community.