If its a row house, you don't want to be next door to a vacant house, they attract rodents, they attract people you don't want around your house, and generally most people don't want to live next to a vacant house.3.

What I mean by this, it is to look for lower-income areas that attract excellent tenants.

Any insight would be great, I am hoping to have some equity in this- I know turn key rentals aren't always the best thing to jump on but I am focuses on the location of this house more than anything. 3/2 great area, would present nicely as short term rental during tourist season or a long term rental . 

The regulation specifically states that this exception may apply to a portion of a home used to furnish lodging to tourists or to long-term boarders such as students (if that portion is regularly available for occupancy by paying customers and the owner is not treated as using that portion as a residence during the tax year).

Prior to this year, my holds were all 2-4 units with attractive long-term Fannie financing held personally with a single lender.

I don't think I am interested in flipping, as I am looking to create long term wealth through RE.Transitioning to RE is a tough one from my perspective as the amount of income I see the average person generating monthly is what you can produce in a day in the markets, but I am attracted to the fact of an entirely different income stream, that is reliable and which could also be sizable if done correctly.I am looking to network, watch and listen on BP before I pull any triggers on deals.

What are some good things to write on there to attract Motivated Sellers?

Obviously the rent is very attractive. 

I've heard they can be negotiated down once the city sees you are going to make the property conform to the codes, but it isn't a guarantee, so its wise to factor in the cost of paying those fines into your deal (making a lot of the MLS "deals" a lot less attractive).  

This has buoyed property values and also attracted renters to these areas as well.