This is the property owner's right of redemption, and it typically last no more than 90 days.

It doesn’t show if you are looking at the reviews as an owner (that’s still 5 rating) but if you look at the properties as a guest, it converts it to a 10 point system.  

There are a ton of local banks around me that offer owner occupied low downpayment loans but are portfolio lenders for these types of products meaning they hold the loan in house.

Granted, the owner was a total slumlord and refused to repair anything, but I'm confident that a large part of the issue with the bugs was caused by the tenants themselves. 

Example you are owner operator and it clears 200k a year profit so at a 3 multiple worth 600k about as a business.

I am in the process of exploring financing options for my first deal and I came across the idea of government down payment assistance grants.From what I read, these grants can be used to cover the down payment on a low money down loan such as FHA loan, which I was planning to utilize anyway since I will be an owner-occupant.Has anyone used this in the past?

Being an Owner/Builder and hiring subs yourself is not legal in a lot of states (unless it is on your own primary residence).

But we find some MTR owners are short on time and rather trade money for time by hiring a PM.

It's all in how you outline the hurdles to the owner, have a couple prices on costs (that way you're no longer talking subjectively), and make it clear that ANY buyer will have to do this as well while treating the owner with respect and building a relationship. 

Total freedom :)  okay so this one is basically sell everything real estate and back to renting again ;-)An extreme example but the condo I just sold rented for $2,300 but the new owner who bought it for 500k with 5% down and $1200/month in HOA fees is paying around $5,500/month in total. 2300 vs 5500 = 3,200/month or $38,000/year more.