I haven't done anything since then since we had a guest staying with us for about 2 weeks.

The other benefit is that you may get a heads up phone call on your next deal from the listing agent on either a property changing status or one that is falling out of escrow.

Here are some reasons I like MFRs:The price per unit is less, leaving more cash flowone roof to replaceI do the PM, so finding agreeable tenants is no problemI've found location to be the driving factor on desirability (not SF versus MF)Getting in good with one tenant will give you quick and easy updates on the status of the rest of the tenants / buildingReferrals for new tenants from current tenants are more frequent (they want to live near their friends) get a good tenant, and get a good referral.The cons:Resale is slower.

When the realtor finally put it on the MLS, they posted old pictures and with the status "foreclosure" , which was still from the time we got the property back via foreclosure.  

This ALONE eliminates the issues some may face.We also don’t advertise “No credit check”…screw that….if an applicant is a deadbeat, we don’t’ want to deal with it…I remember when the law was first passed, the largest REI group locally had a meeting with an attorney as a guest speaker, and being the nerd I was, I had the entire freakin code printed off and highlighted and sat on the front row…He went on and on scaring the hell out of everyone, but was citing code that didn’t apply to a lease option…I raised my hand to stop him and told him that what he just mentioned didn’t even apply to a lease option….His response when he saw the stacks of paperwork in front of me…”Well…yes….ummm..you’re right…yes…ummmm….BUT..now…look at section such and such...” and went right over my question….3 days later, everyone that attended got an e-mail from this attorney stating “Want to do lease options legally?

The only requirement I have is to pass the test (the attorney status rids the requirement for hours, online course, etc).

PS, you will also have premises liability coverage for your flips too in case a 3rd party guest is injured on the premises. 

I'M SURE HE WOULDN'T MIND, AND WOULD PROBABLY GET A KICK OUT OF IT.IF YOU FIND THE POT OF GOLD, MAYBE KEEP THAT ONE TO YOURSELF ;)

If the inside is anything like the outside, this could end up being a gold mine!  

( Gold Village or other?)