I have a tenant in there thats always asking for repairs so this ones been more of a pain.

@Ari Archer If the sex offender tenant is on month to month lease, I would make the seller deliver that unit vacant, this guy will be a pain in your backside just the way he's claiming he didn't know you were going to inspect his unit.

Hi All-I was at the IMN SFR conference a few weeks ago, and a common pain point of private equity firms was the extreme cost to transmit money into the United States.

Once upon a time, we used to allow owners to hold their own security deposits.....until there were several foreclosures - owners disappeared -  and tenants started coming after us, the PM company, for money that was not even ours.  

IMO, all your arguments on retail purchase enumerate precisely the problems with SFRs, even at discounted sales, which is why I much prefer MFUs - - each and every objection disappears.

After a year of searching with many fits and starts and a really really painful purchase process, we bought a humble strip mall a few years ago.

The "legal" prescriptions available to treat my Degenerative Disk Disease and Spondylolisthesis would leave me unable to get out of bed, sick to my stomach, and even worsen my pain. 

You typically can buy a Rheem tune up kit with two heating elements and thermostats for under $40.The biggest pain is draining the old water heater and wrestling these things in and out of wherever it is stored. 

It makes little sense to me though that if the tenant tricks you into signing the annual lease and then turns out to be a major pain in the nec , you'll be stuck with them for a year. 

your heading in the correct directions. big houses just use a lot of the normal stuff lots of pain flooring counters... hardware etc.. that like doing 5 or 6 flips in one house and a nice flip reno is 40k ish.