It's cheaper to put up a square box and at the end of the day it rents for the same amount.

Real stories beat theory any day.

With in regards to inspections, if you do enough inspections, make friendships with the inspectors and often they will let my handyman do the fixes day of and send pictures so I am not waiting the allocated 2 weeks for re-inspection. 

It's shown that over 85% of investors who take out a Heloc refinance to consolidate the heloc into their mortgage in 3-5 years.As a Banker I tell people every day "Do not" let a low first rate stop you from buying more properties to build more doors, which builds more passive income. 

Extra razzle dazzle - post up on FB groups and Airbnb for 30+ day stays. 

The first step in that is terminating the month-to-month tenancy by posting a 30 day Notice to Quit on the property.

Some allow only 28 or 30 day minimums. 

@Jonathan Bock & @Wyatt WolffYes, so my spouse and I have a roadmap for growing our biz and while I've hired someone to help in my day-to-day role, I'll still be doing revenue operations/outside sales/biz dev about 7-10 hours a week.

if its a single family home, i'm your guys. lets connect, can fund in 5 days

Yeah that would be crazy that makes sense.. as others have mentioned in your scenario owner carry to me is last resort give it 90 days at least.