Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I agree, it will always be a risky business but if the numbers make sense and you accommodate for extra losses it can turn into great profit.If you’ve ever considered investing out of state , feel free to reach it would be great to talk about possible opportunities 2107091024

When you sell that property depreciation recapture is technically measured on "allowed or allowable" depreciation on the property - meaning there is a possibility if someone claims the 80% and doesn't fix it, they'll still be paying recapture on the 100%, even if they didn't get the tax benefit of it.

However, if one of a couple is a homemaker (no w2 or only part time w2), it is possible.

When possible, I try to find a conventional or commercial product. 

Is it not possible to rent it out for more?

Is it possible to talk to homeowner in preforeclosure stage to get access and inspect the property?

If there are 45 doors, you need as close to 45 owners as possible to determine the valuation. 

I have two possible deals I am considering for my first investment.

@Jacob Zivanovich tell the other tenant(s) you were hired by the owner to sublet.Or you could do what I actually did - I rented an entire house with a lease clause allowing me to rent the other bedrooms.