And the people who live on a given block know which houses are rentals, so those rentals get "dumped on" by the neighbors - because the landlords can "afford the fines" ...

Maybe  mileage or something, but that's a pain to document and file in itself.Are you looking for asset protection?  

Larry Loftis on duplex, triplex and quads (see book of that title) runs the numbers and scenarios well..In short, that ugly duckling quad block may have some swans on it if you put on your landlord shaded glasses, the ones that see past the mattresses mayhem out front and that look at cash flow, economy of scale, ease of management, great financing (for four unit or less), cost per unit, etc.....

Today, we’ve got a few deals in the pipeline, a 25 unit owner-financing deal, a 50 unit portfolio, and a 100 unit complex.Year 3: I’m aiming for larger, more profitable deals and growing into a scalable business.My advice:I know the pain of getting started since I was just there not long ago.

I've got one in @David Hutson's area that is finishing their third year of pain free renting, and they want to stay.

The lesson was just because a seller is experiencing pain points it does not mean they are motivated to sell.  

The listing brokers job is to sell whatever it is the sellers give them whether great, mediocre, or a bad property.Alot of NNN buildings are simply block boxes with gingerbread (exterior application) on the outside.

Since this is an intentional recession by the FED, we will probably feel the most pain of their current policy in the 2nd half of 2023 (sometime this summer).

I traded in a 69 Vette with the big block 427 for an Olds station wagon!

Hi Mike, You have some great question and I'll tell you what I know from experience and the honorable Ron LeGrand: to answer your questions: 1)Yes- Rented vs Owner Occupied Homes ratios in a given neighborhood is extremley important as more Owner Occupied Homeowners will take care of their block/neighborhood better.