If you can buy something super 1970s, horrible brown carpet, dark wood paneling, drop ceilings, dated fixtures and appliances etc. that is functional plumbing, electric, septic, etc. that might just be the ticket.I've financed a few of these without problem.

Also, try to get an estimate for a flat fee for each entity formation.

I hate big banks and flat out love raping them when they screw up and I can make some money. 

I would skip the phone jacks and put in CAT 5 cables/jacks with a patch panel in the closet. 

In essence, you'd end up paying likely 0% to 15% on your income versus the flat 30% withholding. 

You make a good point...so I have this questionWhat is the best approach with Owner Financing in an area that is flat or in decline? 

We also spend extra time at the move-in inspection explaining how things work and where the electric panel, water shutoffs, etc are.

But as time went by, she had to dis-arm the alarm remotely when the contractor was scheduled to come over if she was at work, and of course, forgot to do that once or twice and he couldn't get in.When she moved, we removed the alarm panel that she had left behind, and that was that.An SFR that we own had the pipes stolen while it was vacant, a week before the new tenants were to move in.

Reading here and doing research is the only reason I’m confident enough to consider getting into rental properties (and hopefully build long-term wealth).I have found a property that I’m interested in and I’m curious to hear if you more seasoned investors would go for it.I know it’s impossible to know online, but I’ll give you everything I know: 2 Flat – both 2 bed/ 1 bathListed at $119k, realtor indicated that there’d be some flexibility so I’m hoping to get it under $110k.Estimated Rehab $15k (I’m going to firm this up significantly before closing).Rentometer says fair rent is $900/unit.My gut knowing the area is that $700-$750/unit is a safer estimate.Taxes of $4,600Tenants would pay utilities, but I’d probably hire a lawn cutting/snow shoveling crew.Visibly looks like a single family and surrounded by other SFH on quiet street near pretty good schools.A partner and I are able to put down 25% and pay rehab costs up front.It’s in an older, but relatively stable southwest suburb of Chicago.Taxes suck in this town, but otherwise it’s an appealing town for me to be in.If anyone has thoughts I’d love to hear them.

I am thinking more like buying a single flat/apartment or house.