@Leslie Fernandez Cons: More risk of ex-owner destroying the houseTime consuming to research and bid on homeYou should do title research on the propertiesYou must buy cashPros:You can buy houses for a discount

You'll get 3 years of enjoyment out of them before you rent out the property and if tenants destroy them, well, they destroy them.  

That sounds tempting, but of course I don't want to get tenants that would destroy my place and be extremely difficult to evict. 

The house was stripped of copper and the boiler was destroyed, So along with new plumbing and a new heat source the house was up and going.

Nothing lasts for ever, tenants can destroy anything.

Nine months down the road you make it out to the property to find they have been destroying it.

If she has been there already for 5 years I wouldn't worry about the pet (unless the pet is destroying the property) if she's staying but if she moves then I will include that in the lease agreement for a future tenant.

And, that it will last maybe a few years, because radiant humidity will swell the MDF, thus deforming and destroying the locks.   

The worst thing is buying a fully remodeled buy and hold property in a war zone or D grade area and then be stuck either with 1) problem tenants that either won't pay and/or destroy your property and/or conduct illegal activities or 2) be stuck and unable to raise rents because after all the area is still dilapidated.

LTR folks will destroy a place.