Hi I recently had a tenant pay a full year rent upfront.

You lose the rent money that he didn't pay and you have to pay someone else to finish the job.

They don't want to pay for insurance when they're only bringing some clothes and toiletries.

The second tenant stopped paying and it took me 4 months to get them evicted and more turnaround cost. 

@Brittany MageeDo they have a mortgage on it, as typically the lender will require it to be repaired or they take proceeds to pay off loanUnfortunately not much you can do

It would still appreciate overtime and build equity all while someone else is paying the mortgage.

I am not sure how you plan to handle rent collections but if you think there may be times that a tenant will need to pay via some non online option then having a bank in the area of the property can be good.

@Thomas Jacobson how much are you paying PMCs to come out and do a bunch of work?

You are going to pay top dollar for new construction, but it has several anomalies that will restrict your future value.

They're essentially paying the wholesaler for doing the leg work to find the deal.