There is about a 5 to 7 year cycle in RE where prices catch up, with stagnet periods and then swing the other way.

This property is not unique. there are literally hundreds of them around the city of Dayton but the catch is you need to get to know the neighborhoods and make contacts.

Technically,if you're paying all cash, you don't have to have insurance.But if you leave the closing the place catches on fire, you'reout all the money.

It all depends on the tenant base as mentioned.The bad credit ones will wait and see if you pay the money to file eviction and will not care about the notice you give them.Make sure in your lease you have language that states the security deposit CANNOT be applied to last months or any months rent.If you do not have that in there you can be in trouble.Sometimes if the tenant is a good tenant that falls behind the landlord will let them apply the security deposit to catch up that one month if it makes sense.You need to get an written agreement in writing though signed by the tenant authorizing this.With college degree highly educated tenants the job is more stable,they have reserves for bumps in the road,etc.This is not always the case but works in your favor with percentages.With lower income the education tends to be less,they work 2 jobs to pay the rent,the rely on multiple incomes in the house hold to pay the rent,charity assistance,government programs,etc.The cash is more but you are almost a social worker and the drama that comes with it can be too much to deal with at times.

During times of high inflation an agent could get a long listing and wait for the values to catch up with it.Check out what is typical in your market as the ratio of ask/sell price can vary depending on market conditions.Nothing worse than a stale listing.

Property managers are often lemons, tenants can wreak havoc if not checked on and managed, maintenance is deferred, problems (like main waterline leaks or fire hazards or other things) are not addressed and many other things.I don't love managing my MFHs, but I catch lots of things early by staying on top of things a bit and getting to know the tenants.

Then I hope to catch my breath!

That will indefinitly catch up to him in some way or another.

How often do you do inspections (can't stop damage altogether but could catch and remedy sooner potentially)?

If you are intending to flip and not actually intending to stay in the house, eventually the VA will catch on it would seem.