If the OP could make a profit and remain safe in a warzone, go for it.

The remainder man had used this real estate acquisition technique at least 12 times buying property from elderly widows, paying them for the property in cash and granting them a life estate to remain in their homes.

The remaining low-quality assets are retained by the FDIC and subsequently auctioned.

Being a Registered Agent in Delaware, my answer is going to be somewhat biased, but I'll try to remain as objective as possible. 

A)We will leave the home as is and rent will remain the same as it has been for the duration of your stay.B)We would propose to re-carpet the entire home and repaint all interior walls (not ceilings) and we would increase the rent to XXXX.

The remaining cost of the paint would be their responsibility because they ruined the remaining five years expected life. 

And get this... they bought in Vegas in 01 and sold in 06 at the peak and 1031 into PDX.. the Vegas property tanked PDX has just held its value. as cap rates remain the same..

Also, this tax is not charged in the remaining areas of the province.

I can get the loan for the remaining balance at around 5.25% for 30 years. 

@John ThedfordYou can expand from your personal investment/small business arena in stages, and see if and how much you'd be comfortable expandingAs a first step, you can take on passive investment partners on any loan you fund; usually the promoter (you) would get all the points, plus a small servicing fee, then each participant would get the remaining return pro rate with the capital invested.