The OP's premise is these properties are managed by a property manager versus the owner.

It seems like a great market for that despite the property taxes.

Once you get more units you can offer to stay at one to wait for other property they desired to come available.

For BRRRR investors, seasoning requirements can significantly impact your ability to quickly recycle your capital.While most lenders require you to hold the loan for at least 6 months (aka "seasoning"),Fabulous 5BUY - short-term bridge financing to help you with investment property acquisition.REHAB - With up to 100% rehab financing, you can stay liquid through renovations.RENT - Tenant in place or future tenant.

It’s not always about making money—it’s about managing risk and having contingency plans in place when things don't go as expected.Don't let anyone tell you otherwise.

I am a construction manager for Lennar Homes, I build single family residential homes and multi-family townhomes for them.

Let them work with you on your ARVs when you get serious about a property (don't thow them a thousand deals you see and expect them to do CMAs all day long...make it worth their while).

@Nam Pham  Assume likely an older property on a pier and beam foundation, as compared to a slab foundation?

Sound contract management alleviates a lot of the concerns you raised.

I'm in discussions to buy a second home/investment property in Vermont.