As they've said on the podcast numerous times, the first deal is not going to make you rich. 

;feature=youtu.be

It’s a few years old now and quite outdated on specific price/features, but I put together the following matrix of home warranty companies that might be useful as a starting point to comparing names and features out there.

Anyone please feel free to correct me.Could be numerous reasons as to why they've been on the market that long, could be that the owner is trying to sell them at or above market value, could be some issues with the properties, could be not much interest for properties of that type in the area, could be the area is over-saturated with housing and they're hard to get rented, any number of things.To answer your question obviously you're going to want to look inside before you even put an offer, the general rule is the landlord gives 24 hour notice to tenants.

@Kevin Shuler - Unless you have approval for the non-conforming property, then the worst case is that you could incur fines and worst case be forced to rip up any features that make the house two separate units.

I had numerous conversations where I had people looking a property that was less than 1/3 of the previous value from 2 years prior, and they still thought prices would go lower.

I have been to numerous sheriff sales  and tax sales here in Ohio.usually foreclosure  notices has already been sent out. there redemption period is over.but  i do believe that if it has a  IRS lien they have 6 months to redeem property.your money should be refunded.

They represent numerous companies and may have a company that is not as concerned with dogs in their underwriting rules.

So realistically, you have to be cognizant of the fact that you will have to set rent lower than that 1/3 of median in order to have a big enough rental pool.All the talk about adding fancier finishes and extra features doesn't change the earnings of the tenant demographics - tenant demographics is what sets rent.

I've used them for numerous transactions in the past month.