I would say its tougher these days to find easy flips in the multifamily space, but if you are looking to buy/hold for rental income you can cash flow about $1000/mo (after debt service) on a $500,000 building (4-6 flat) in several areas.  

*It's easy to get into the driveway when the house is on the left side of the road.  

Is this a good criteria to have or is there an easy way to handle the lead paint situation?

Aside from aesthetics and possible trouble with wind blowing the door, I've read that this is a security issue because, in the absence of special hinges, it's easy for a burglar to enter the home by removing the hinge pins.

We sometimes go with income 2.5 times rent but no lower and that is with excellent landlord references.

Assuming a mortgage is not a Sub2.Sub2 or taking title subject-to refers to taking over legal title to the property subject to the current financing, encumbrances, liens, etc.If the prior owner is now a leasee, hopefully you structured that well and setup and fund a new tenancy as soon as title transfers over to you so that the rights and duties of both parties were clearly laid out.If they arent in a contract any more you can give them a notice to vacate and the proper time to leave depending the local tenant landlord laws in your area.

- tenant paint job photos:https://www.biggerpockets.com/forums/52/topics/535...When I used the word "high" to describe the quality of the paint job, I was referring to the state of inebriation of the tenant painter :)Reading that entire thread is a good learning activity; my initial comments on that thread start on page 4, and the person I was attempting to educate posted after that to defend allowing tenants to paint!

I've got a couple that I usually refer to my clients.

You can get away with a lower down payment, easy to analyze and some renters prefer only SFs.

Neither are very easy to sell should you have to foreclose.