You’ve already taken an important first step by joining the BP community.

Average DOM 16 days.Buy and hold methods, I would think, can work well in this market. 

I used to say I am a real estate investor or that I owned a real estate investment company, but people either thought that I was a flipper or real estate broker. years back in ulta liberal Portlandia I could not tell people what I did.I was logging ( raping the forests)  I was building subdivisions ( big bad developer ) and I had a courthouse steps buying division ( kicking poor people out of their houses)  so I just said I was in real estate  LOL>  

Any idea how one takes that step?

Anyone have any recommendations for a book on constructing a new apartment complex and not just any other book that speaks like an infomericial, but something that is more of a guideline, with more step by step (high level is ok) instructions.

In the meantime I plan on looking for other houses to turn straight into rentals using the BRRRR method.

@Jeremy Marshall - as an upstate NY investor who has experience with many of these heating methods(natural gas forced air vs electric resistance heat, as well as gas/steam, oil/hot water, natural gas space heat,) I strongly recommend natural gas forced air over electric baseboard heat.

Why not try to approach the owner and buy the property first, you cut out several steps and a lot of time that way and then there is no possibility of the owner bringing the loan current and leaving you stuck with a note which it appears you don't really want?

That’s definitely my next step.

To keep legislators from intervening; to prevent legislation investors will find undesirable.With so many people out there "doing it wrong" and "learning from their mistakes", a point is reached where legislators must step in to protect those who are being hurt: lenders and other money investors as well as tenants and property owners / buyers.Want to curb further tenant-friendly ordinances and other legislation which hurts investors?