In the end, you might find yourself holding a lot of rentals selling the worst performer rentals keeping the best and diversifying yourself, and making it a win-win-win situation.

Can you perform a direct mail campaign if you are not a cash buyer?

How is the Salt Lake City real estate market performing?

If this ONE party doesn't perform, then the other party is not held to the contract.Now, this doesn't mean that a seller won't allow it (either an EMD from a different entity, a late deposit, etc), but they wouldn't be obligated to allow it under the contract.Like most things good open communication usually takes care of this. 

An exception is one "cursed" 3-bdrm upper unit in a duplex which sat empty for 6-months once ... prompting me to gut-it back to the studs and perform an energy efficiency rehab.

All IDs required upon booking ( yes, I have performed little facebook stalks) and best of all, I do not allow people to book who do not have more than 3, 5 star reviews (yes, that is okay to do) You can see their cleanliness and other characteristics rated by previous hosts. 3.)

Existing tenants are often a red flag--landlords rarely sell high-performing, low effort properties that have great tenants in place (why would they?).

I found a property that is 150 acres with 4 STR cabins that are performing well with huge room to expand.

@April L.My recommendations are to be working with multiple agents/brokers in an area to see who will be bringing the best deals, and who performs the best. 

We bought this house as part of a 1031 exchange from a non-performing quadplex we owned (don't buy MFH that aren't separately metered for water).