Another option is to negotiate some sort of rent guarantee by the seller for a specific amount of time post closing that allows you to have a runway to replace a tenant or two if needed that first year.

Hi Justin,I think what some perceive as "Extra Money" being injected into the economy is really going to be "Replacement Money" for foregone wages from the Virus Situation.Here's how I think of it (three illustrations):Begging Hobo Bob.  

About 6 months. 10% or so did move out but I replaced them very quickly due to the flooding.

It doesn't abate property tax payments, insurance payments, maintenance contract payments, maintenance costs, and doesn't replace income lost that housing providers rely on for their own living. 

The service report stated that the repairs would be too expensive and it needed to be replaced.

I painted the entire home, replaced the carpets, power washed the decks and exterior of home.

I painted the entire home, replaced the carpets, power washed the decks and exterior of home.

Should be evaluated by specialist.11) Water staining present on the ceiling in family room in main house where the roof seam meets between the main house, and un-permitted area12) A few closet doors have been damaged and need to be replaced.13) Another window needs to be serviced because it won't shut14) Need to add fire alarms to bring up to code15) Looks like the kitchen needs to be re-done16) Bathroom repair- fix some slight leaks, a couple toilets, re-do caulking in tubs, re-do flooring and base moulding17) Recommends replacing water heater, and HVAC.

My area it is $6 sf to replace with a moderate LVP. 3000 sf*$6 sf=$18000/ 10 year life span/12 months in a year=$150 per month for something you just put in brand new.

I increased my repairs and maintenance to 10% of the income, added a replacement reserve, increased the contracts & payroll, increased the management fee.