I bet if you asked 100 people on Bigger Pockets the would not be able to define "imputed interest".I am thankful to @Bill Gulley to motivate and to write about "imputed interest" re: seller financing.The definition of IRS imputed interest is interested the IRS creates on a personal loan, and taxes the lender down the road, even if the lender is not actually collecting interest.What if you let your son $30,000 to be paid back over 10 years interest rate, the IRS will imputed interest rate on the loan and tax year as if the imputed interest were actually being collected by you as income.

But once you venture outside a subdivision, all bets are off if you go simply by distance.For example, we live in a tract of homes that run along the west side of a creek and spans about 1 mile in length.

I bet your investors are real buyers aren't they?

I bet the users would get a kick out of it!

They're so positive that their students are failures that they actually put their money on that bet (and win)!!!

If all the systems and mechanicals are old the repairs will eat up any expected returns for years if things go perfect with your tenants.The key question is if the previous owner did a lot of deferred maintenance and kept hoarding cash instead.The HOA doesn't mean anything.They can go defunct or increase the dues or add special assessments.I like to keep control of my investments so do not like deals like this where you are betting on an external party to maintain your property.

I bet it would cost you less than 2% of the rent on average.

OTOH, if its galvanized, all bets are off.

IMHO, you best bet is to get in tight with a community bank of about $1B in assets.

As mentioned there are errors, are you ging to bet your money that you didn't buy a property based on some error?