So when you have the banks not lending and supply skyrocketing, the natural result is home prices go down until the supply eventually went away when people with cash started to gather up the supply.Today the market is different.  

Non-performing notes are very much like flipping, it is certainly more passive in nature but requires more work than buying performing notes.

@Lucas Schlund there are logically, 3 options:1) Buy Cash: PROS: You can get better prices on houses because you can close faster with motivated sellers and buy houses that need repairs to qualify for a mortgage (less buyer competition)CONS: takes the longest to save the funds2) Use Rehab Loan:PROS: Same as #1CONS: more expensive loans:---FHA 203(k): not that expensive, but must live in the property for 12 months before renting---DSR Rehab loan: relatively expensive and may need experience to qualify3) Mortgage on Property with Cosmetic Repairs:PROS: easiest & cheapest to doCONS: lots of competition, so can be hard to find a "deal"PM us if you'd like to discuss these in more detail.

It’s the nature of the business and working with a lender who understands this and can work with you is invaluable.

Quote from @Mike K.: Not too many STRs in Columbus, OH. 

Naturally people are going to not believe it.

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

No two people have the same unique combination of nature and nurture, and I will never be able to fully understand exactly what another individual is experiencing and why."

New tenant moving into a house that uses natural gas for heat, hot water and the range. 

The idea of a natural turnover seems more of a benefit than a drawback to me, but I'd love to know some rules of thumb for just how frequent can be expected.