So have your LTR tenant sign a separate document acknowledging that they realize there will be transient guests next door.

My wife and I bought our first STR in April (Smokies) and it's going well but we realize we want to start focusing on single or multi-family.

Because as I think more about it I realize i could do almost anything!

The true benefits of real estate investing are realized when you hold.

I mean a general recession, we had flat/negative GDP the preceding quarters, S&P down 20% +.Not sure what more people want.What folks don't realize with investor saturation, tech, and everything in between, the market has a profound way of realizing positions and getting in & out of them to where the markets overcorrect and sometimes move so quick all the juice in it happens to squeeze out so fast.

This alone, makes me realize how much I don`t trust them, nor I feel that they are doing their best to protect my investment/asset.We never intended to live off of this property`s cash flow, however we were hoping to at least have someone else pay it off for us.

They no longer have to compete with the private sector for LLs and rental properties, so they are free to be lazy, slow and unprofessional.If you decide to go Section 8, realize you have another bureaucracy to placate.  

Ross:Here are my thoughts:1) "As is" basically says to me they do not intend to give a discount because you suddenly realized the roof needs replacing. 

I realize the true answer is "It depends" because each situation will differ based on the property, the location, the seller's situation, my situation, etc., which is why I ask about a standard/average deal.

Sherrif sales after the Mers debacle show up bid and you have a redemption period then you have all sorts of other investors running around trying to buy redemption rights and then when they get them they sell them to the successful bidder who did not realize they could even be bought..