It all depends on the neighborhood, I think.  

But you can probably charge prorated rent until you find a new tenant, depending on your lease and local landlord tenant law.Focus on getting him out as soon as you can and be fair with deposit return.  

Keep in mind that that you should budget differently, depending on which "hat" you're wearing!

It depends on size of the house and area of town.

The ones we executed contracts on in the past few weeks were purchased with a construction loan that wasn't dependent on inspections, but the houses will need to appraise for the purchase price.PM me if you want to talk some more..

@Darren McGillvrey Your question really depends on the terms of the lender.

It will cost anywhere from $500 to $1000+ depending on how intransigent the tenant is.

Capital gains tax rates depend on your income level however, an IRA distribution and the depreciation recapture are treated as ORDINARY income. 

You're not going to cashflow on a water front property and you may have issues with seasonality and/or demand in a very tourist-driven area.If you have an idea of where you'd like to invest and what the numbers might look like, a good way to test the waters is to put an ad on craigslist showing a potential property with the rent you'd expect to get and see what kind of interest it gets.For my rentals in Louisville, over the past 6 years I've had anywhere from 2-3 emails a week to 30+ emails per day depending on the location, rental rate and time of year.

I really depends on how your are structuring the investment.