It's been worth the expense and extra work.

Has anyone had luck putting up “we buy houses” lawn signs of their own?

Hello Bella, if you need sources of money for your wholesale properties feel free to reach out, we offer wholesale pricing, so you could add an extra 1% to your wholesales by participating on the loans as well.

I focus on buy and hold, and currently own three rental properties in Albany so far. 

Never buy a Right of Possession, just never do that.

I asked what he thought I do and he indicated you buy, fix up, and rent units.  

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

Our plumber re-plumbs entire houses for much less than that, and if it's a simple leak you can find, you could be done for a few bucks.The 80's were the era of pinhole copper, so there's always a chance that your supply lines are shot when buying a house from that time period, but it could be something minor too.

As a note investor, we rarely if ever originate loans for owner occupied, we would rather buy on secondary market at a discount. 

Costs and any inspections, work, etc that are needed can be part of your offer to the seller or covered during due diligence if you don't buy it "as is".