I understand the long term investment profitability but, waiting for ten years and staying afloat if these scenarios became part of your situation, it looks like you need quite a bit of money sitting around to cover these types of predicaments.

As a result, we're seeing a surge in demand for long term rental homes - a trend that shows no signs of slowing down.

Negotiate "transferrable purchase agreement" with homeowner, price at that 60%+/- ARV number; contract for long escrow (90 days to 6 months, as possible)3.

Pete that is currently rented out to long term tenants paying below market rental rates.

That area must have come a really really long way since i was there for it be considered a good investment now. 

. - I have had decent luck with new drywall over the top and long screws, the old stuff is really brittle Belt sanders work decent on doors too

I would be happy to connect and help answer any questions for you a long the way.

I had a duplex in FW long enough for it to be mortgage free. 

If it were as easy as filling out a single (albeit very long) application, I don't understand why many more landlords aren't doing this to bring rents back up to market.Thanks ahead for any insight!

Rookie investor on Long Island looking ready to take the jump.