I caught them trying to take my sisters car and they changed me 50.00 to drop the car.

I hear people saying that prices are dropping and I explain prices are not dropping they have stabilized.

We have been approved for a conventional loan with 3% down with mortgage insurance dropping off in 3-5 years so will bring my our total monthly payments (including everything) down to $750-800 a month. renting it out in a few years we should have even more equity and be able to cash flow about $400-500 a month or sell to make a great profit.

Sole proprietors with no staff usually won't commit to this, nor should they.Ask if they have their own supplies or need you to provide themAsk if they'd be willing to pick up supplies occasionally and drop them off at the property when you're short on something.

To check the plumbing , an air compressor to charge the lines , watch for pressure drop . 

For example, if I think rates will drop, I might like to look at scenarios where I refi at different rates at different periods of time to see how that changes my underwriting.

If so, are you planning on refinancing into a conventional mortgage when rates drop?

The inside could be totally trashed, but the outside doesn't look as bad as other houses listed for more than twice as much in the same area.The median price in Trona is $65,000 which is a 26% increase over a year ago, but it's already dropped 3% this year and is expected to go lower.Good news: I can't find a single property for rent in Trona, so it shouldn't be hard to find Tenants.Bad news: A 2bed/1bath trailer is selling for $45,000 so this house must be really trashed. 

At a certain point, the return drops low enough that they should sell the property and reinvest in a new property (or properties) that will increase the return dramatically.

Since short-term rentals in the US could become over regulated or downright illegal (where they aren't already), the resulting cash flow and profitability could drop hugely if not becoming downright negative in case of a conversation to long-term rental.