or does it have to be their 1st property and not designated as an investment property?

Give great consideration to the design of the house that does not meet current safety standards and know if you are in a sue happy area or if you can put something in the lease noting these items and expect the people to behave. 

It's just not an easy thing depending on the design.

Happy designing!

@Chrissy Disch You can pay yourself each month by pulling what you have calculated to be your cash flow out of the account you have designated for the property.

Me and my Team created a share point with numerous data and we have designated responsibility on what to provide to make the best/correct decision.

@Anthony Torres your error is that 70% of ARV, minus repairs is designed more as a flipping formula than a BRRRR formula.In your scenario, being all in at $120k and selling for $150k brings a decent profit, depending on how long it took to complete.BRRRs analysis that all in cost should be less that 70% ARV.

Expect it, and remember, a "hoarder" is now designated as a somewhat protected class (disability) so DO NOT mention that word in any of your conversations or documents. 

I know my electrical utility also has a special procedure designed for landlords where I could (though I usually don't) have an address set up to automatically switch back to me when the tenant's "stop" order goes through. 

Hand scraped hardwood floors in all main areas. 9ft smooth ceilings, Cer.Tile in laundry/ baths, beautiful kitchen design w/ custom cabinets w/ bead board backing, featuring granite counters & Stainless Steel App package + Lg Kit Island.