The only problem with that plan is that I'm located in Orange County and I'd imagine most properties out here are well outside my affordability. 

It is also a good place to search for information about a lender to see if they are legitimate or bogus.However, because the site has no supervision and essentially no webmaster to moderate the forum, it has become a total free for all for the most unprofessional, trash talking people you can imagine.

I'd imagine this falls into the "normal wear and tear" category but I just don't know how you measure or prove it and how much tangible evidence I need to have ready showing that I've warned them repeatedly.  

I would imagine arbitrage would come with less overhead (before starting companies and hiring folks) just wondering how your experience compares to owning.

This is one of my top 5 pet peeves, as you can imagine. 

Right now I would imagine you're best bet is a small balance Freddie or fannie loans depending on loan size and location.

As you can imagine, this almost completely leaves the burden of due diligence on the buyer, and a lot can go "unmentioned".You'll often encounter tenants while on showings, and you should take every opportunity to politely introduce yourself (first name) and ask them about their experience there. 

There is a large closet off the living room that I would imagine some would look at to be a very small bedroom however, this room does not have any windows so I do not believe it can be used as a bedroom. 

The suppliers say they are familiar with building codes in the US, but I still imagine there would be a lot of work to ensure code compliance, as well as installing the home on a new foundation, connect to utilities, etc. 

I know you hate losing earnest money, but imagine closing and finding a lot of expensive repairs on this house.