One idea would be to start to strategically pick a few of your SFH's and position them to convert into your primary residence periodically.  

Are you required to live in them for a certain period of time before you are able to use it as a rental?

In some cases, when the repairs require it we have a contractor inspect and provide and estimate during the inspection period.  

The shorter payback period and higher rates will make majority of buy and hold deals not make any sense.

That will likely (not always) make a difference on amortization period (30 yrs vs 20 yrs). 

If a noncompliance of rental agreement occurs under both subsection (a) and this subsection, the seven-day notice period to terminate the lease for nonpayment of rent in this subsection shall govern.

And if the losses were recorded and used/captured during the hold period then the LPs will still pay more taxes than saved because depreciation recapture is taxed at a higher rate than long term capital gains rate.I don’t think real estate investing offers any unique tax benefits (except for people with REP status who are slogging their a$$es harder than W2 employees, which doesn’t necessarily mean they are earning more), though it definitely offers some unique tax disadvantages.

That may be heresy in today's market but I still stick by it.Trying to think of other ideas, I'm not sure if this is an on-market property or not, but especially if it's not, there could be the possibility of paying the seller for an option to buy the property at a certain price within the next year, and letting the seller continue owning it through the winter, then you exercise your option and purchase it in the spring once the ground has thawed out.That's a much easier concept to pitch to the owner if they don't have a real estate agent who's basically just motivated to sell it and get their commission ASAP, but if they've had a few deals fall through because of the failed septic then even if there's an agent, maybe they'd be open to it.Alternatively, and maybe simpler than an option, would be just putting down a decent-sized earnest money deposit and having a closing date in the spring - basically an unusually long period for the closing.

This can often get confused with the return on investment and cash on cash because over the period of one year, all these percentages are the same.

I recommend doing a facetime walkthrough with your agent if you can't be there in person so you can see the condition of the property and if you're new to investing and especially to estimating repairs, be sure to get an inspection during your due diligence period.