If you are speaking about building a property yourself, then that's different.  

Should I do something different?

Now, if in your walkthrough and lease review you find material lease violations that could result in eviction, then that would be another option, but again, that is (I am guessing) unlikely and still risky, since there is a cure period associated with evictions.Not sure if this exists, but maybe get a private lender (ideally family member or friend) to lend you on a purchase loan for 10 months, then refi into a different private or hard money lender once tenant is out?

The downside of midwest is the repair ; the cost differences are actually not much different when you fix/repair something large.

You could go many different ways with rentals such as student housing, section 8, targeting specific renters such as traveling nurses/doctors.

I dont think the terms allow me to post a link but here are some basics.Has been occupied avg of 17 days per month since Sept.managed by a top tier company and has 4.8 star avg reviews.Also would be a good family home (large private lot, fenced yard, hot tub).It has the benefit of being near Austin downtown, but NOT in Austin city limits (9 miles to city center), so lower taxes and no STR rules (default to Travis County rules).I have read the forum posts for similar situations, however every market is different. 

Keep in mind if you remodel versus new construction, there are likely different building codes.

I'm interested in this conversation from a different perspective.

Especially if it is subject to California Rent Control.Generally speaking, you can have a conversation with them about leaving but if they are out by 7/15/24 will it make that much of a difference?

Again, I've worked with many different lenders and I'm not saying none would do such a loan but it would depend on the borrower.