So the house wound up needing the drywall, kitchen, bathroom, roof to the garage, Plumbing, Gas and other stuff done. 

Considering buying a house for my son to live in with a couple of additional guys.

I am looking to use a VA loan to get a house but want to purchase a rental property and get started on getting cashflow.

The house is in Irvington.

So if the landlord only owns one four-plex, or two duplexes, or a single and triplex, and the landlord is a natural person (not a corporation or partnership), or the landlord is an LLC in which all members are natural persons (no corporate or partnership members in the LLC), the landlord can still require two month’s rent as security deposit.So for those CA investors who invest in properties with four rentals or less, and place each rental property into its own LLC, and the LLC members are all natural persons, those investors can continue to require two month’s rent as security deposit.

I have opportunities in NC for houses that are all-in around 75-100k, ARV 125K and rent for around $1200.

My girlfriend and I are rehabbing a house and we have work set to begin in the near future.

But these are the people that will buy houses or be long time renters. 

If a house does have some rotten wood ( siding and trim around the windows and or doors , missing an appliance or two ( say there's no stove or dishwasher ) ......

If the house value goes way up, the seller has taken a loss, as without the option, he could have sold for more.