That alone demands investor attention to the details. 

We thought the contractor took care of all the permits and such... well he didn't. 

See if "he" has a real estate attorney to draw up the paperwork, the note, the terms, and can take care of the closing at the courthouse.

I didn't care which he did first I just needed to know that I would have one functioning bathroom in the building upon occupancy.

The rubber hits the road if you (as the owner) have to pay for utilities, lawn care, etc. in some scenarios and not in others. 

One thing to be careful of here if you are planning to flip the property is not just what the ARV is, bit what will the appraisal come back it.

I have a dear friend (a realtor who lest that business in the recession) who now works for a foster care agency.

Each country is going to be different so you need to do your research carefully.

Although you can try to control who rents your place, you need to be very careful.

Through all the communication with her and her Navy assigned advocate, we have no faith that she is going to move until the Navy sets up this special move and could care less  when that is.