But please keep hunting down the details and please let me know if/when you find them.

Private message me for details about the deal if you're interested.

And you can use portfolio/commercial loans sooner if you like but in general they have higher rates or some other feature that isn't as good as a Fannie/Freddie loan. 

Also, by doing these recordings, you will force yourself to pay attention to every aspect and detail that might need attention, without really annoying the showing agent by slowing the viewing down too much.Lastly, go online and look for housing inspection check lists--there are dozens listed there, and then check for your local 'repair costs'. 

Can you share details on how you found the deal?

As a Fremont local, let me toss in a small bit of demographic detail on the "low separation/divorce rate" factor.

Thank you all for the wonderful detailed advice.

I would also have them sign a detailed scope of work that lays out exactly you want in as much detail as possible.

You have to ask yourself exactly how you envision your real estate investing to go; do you want to be apart of every little detail or would you prefer to take updates and write checks and enjoy your life with family and friends or doing the hobbies you love to do?

Without knowing more details about it, I am not sure if that rent would be reasonable or not.