If you are used to syndicating $10 million deals, and you have the investors for it and can do a number of them per year, you won't stop doing that and just buy one self-funded deal and be done.  

I have about $50K equity in my current rental, that everyone recognizes should probably be sold.I know the 2% rule (rent should be 1-2% of total cost of home purchase), but I would love to know more about what works for you guys.

The new home builders have recognized that and they are flocking to the area.

However, in practice, the MF owner recognizes that his/her best chance of selling his problem building is through brokers who already have investor-buyers lined up. 

What is common practice and what are the best ways to check the validity of a lender and protect oneself against scams?

Also, you'll be able to recognize when contractors are trying to overcharge you.

Best decision ever since we knew the area was changing and recognized the future potential.  

Some states may actually recognize squatters rights in this situation, good luck. 

Simple answer: learn how to recognize a good opportunity, when you find one, go after it. 

I recognize this house (if it is on a street that start with "M" :-)).