Subject to, is closed with a Special Warranty Deed to Billy (using Jay's example) and a note for the $80,000 with terms sufficient to pay the firt lien.

Also, people with sufficient funds will leave these areas and the area will go into decline.Climate - Properties in areas with hard freezes and excessive moisture will tend to require more maintenance than in milder and dryer climates.Age of the property - The older the property, the more maintenance it will require, unless all the major systems and components have been updated recently.Property cost - There is a tendency for new investors to choose locations with very inexpensive properties.

There are cleaning products specifically designed to remove mold and prevent it from coming back.Mold requires two things: moisture and food (dust is sufficient).

But, with the current market I think it would be very difficult to make a quad work with the FHA self sufficiency test. 

Knowing that you have a good stable income can be sufficient for investing in RE without doing much of anything to it.

Downside is that you will have to pass the self-sufficiency test. 

FHA's self-sufficiency test makes it more difficult because it favors low price low rent places and underwriters want to see you upgrading in that situation.   

In a small unit, I do not think there would be sufficient margin for absentee ownership.

These loans focus on the property's ability to generate sufficient cash flow to cover the debt payments, rather than solely relying on your personal income.

Each cabin is fully self sufficient with private bathrooms and kitchenettes.