Maybe bankruptcy, maybe slow courts or laws over Covid, maybe owner missed a payment and started paying again, but one payment behind, maybe trying to do a workout, maybe some environmental hazard with the property that they want to take ownership of it.So that would be the first step....find out who owns it.....individual or LLC or now in lender name.   

I'm not in the midwest, but I do not pay a full month's rent. 

No investor is going to want to pay retail.

Do not give them any money until you check the property and get the keys...also check that any bills tied to the house that they may have been paying are up to date.

I’m assuming the goal is to have your REI Cashflow pay for and keep up with, or even improve your lifestyle, way before you retire.

My wife and I are considering selling our current property and moving into another, but as I’m sure many of you know, those events don’t always line up perfectly to prevent paying for two places at once.I’ve heard rumors about a program that allows the temporary freezing of mortgage payments on properties for sale by owner while they begin paying for other properties.

Hi Daniel,What I mean by "bad reputation comes from OOS investors wanting $20k D market properties":This comes from when you hear people talking (including people on the BP podcast sometimes) and they talk about "Detroit" they might say "that's a bad market to invest in" "tenants don't pay" etc...That bad reputation comes largely from inexperienced (often times OOS) investors being attracted to the number of houses for < $50k.

Are all tenants paying on time?

I want to sell it and use the money to buy a primary residence.I am wondering what the tax implications will be, such as capital gains, paying taxes on items that I have written off/deferred, etc. 

So you start from scratch on the loan, but there are no real estate agents involved on a refi, so you have no commissions to pay them.