My book does go into detail on these as they are the biggest potential issues.  2)  The seller changes their mind before you purchase -  my book goes into detail on this but it is important you file what is called a memorandum of lease option - so they can't sell it to anyone else or refinance it to pull out their equity. 

By selling the property now, you can avoid the time, money, and effort required to make repairs and potentially deal with ongoing property management responsibilities.On the other hand, if you are willing to invest in the repairs and potentially hand off the property to a property management company, you may be able to increase the value of the building and generate higher rental income in the long run.

Found a potential deal. 4 Acres SW of Raleigh about 30 minutes from downtown. 

Some additional posts for your series:How you ID potential purchases?

For this example we will use 70% For this formula you will need to know the following:ARV=After Repair Value ( How much will the house will sell for after making all the repairs needed)Repair Estimate - (Send me a message and I can send you a list I got from my mentorship class for ball park estimates based on square footage and depending if you need cosmetic repairs, avarage repairs or Extreme repairs)Your Assigment FeeARVx.70 - Repairs - Your Assignment FEE = Max OfferExample$200,000 x .70 = $140,000 - $30,000 (repairs) - $10,000 (your profit) = $100,000 (offer)Your potential profit is $10,000 I hope this formula helps you make offers that will make sense for all involved in the transaction.Happy Wholesaling,Lily Rodriguez - Investor friendly Broker

But turnover potential should be less in a transient area with a strong job market.

They took all the cash out of the park for years with no reinvestment of time, energy or maintenance. 

You are comfortable (not running from a job you hate, not recently  laid off, etc) so  nothing on fire here.That said, if you guys have the energy and drive, he.sounds well positioned to fix a fixer to hold as a rental or rehab/reconfigure a nice house for rental or flip.  

My point is look ahead to potential impacts.  

This tool helps real estate investors focus on their goals when analyzing potential real estate deals.The buy box can consist of standards that are important to the investor.