Also, it’s easy to tell potential tenants they pay all utilities, when comparing to other places it’s not a noticeable difference in my eyes.

Are there any seasoning requirements on Fannie/Freddie Foreclosures?

It is a regular Fannie/Freddie loan assuming your finances are good.  

You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.California is a sort of beastly state when it comes to taxes and filings.

Anyone else notice how responsive and friendly tenants are ... until they move in ?

I'm set to move to West Lafayette, Indiana in the next month & a half or so and have been looking through listings and one thing I've noticed is that there aren't any 2-3plexes listed at all.Is this just because the rental market is really good for those right now or is there something I don't know about that area? 

You send notices to cure, you do not provide personal advice unless you want to put yourself in the middle of the problem.

You're just going to pay higher tax rate on this part of the gain.So some observations:- If there is no gain on sale (notice we've only been taking about a gain situation), then there is no tax break.

Because that's still their lease and the lease you are taking over, even if they are month-to-month.For example, on a month-to-month tenant, I can serve a 30-Day Notice to change an item(s) on our lease. 

You can use a Fannie Mae Homestyle renovation on a rental, but the additional hoops and closing costs are not as attractive as the HELOC into a fix n flip would be?