Often you are restricted or limited in raising the rent each year (depending upon the funding of the program).

I own a crime scene cleanup company and am called to situations like this quite often.

Let me tell you why I like Condo-Hotels.I travel a lot, often to the same destination over and over again.

Often the public property extends some distance past the curb.

Doing interest only minimizes your cash outlay.The advantages are that they can be quick, often a week or less to close.

I've jokingly called myself that quite often ever since.BTW, I no longer have rentals, sold them all and selelr financed.

I've ran into many that are broken, corroded to the point of needing to be replaced, but I'd say more often than not they are in useable shape.If they do need to be replaced you can break them off the main hub with a hammer, this will break the lead seal loose, removing just the flange collar leaving the 4" hub.

These deals may involve a short sale, where you convince the bank to take less than what they're owed.After the auction the property often goes to the bank.

Sorry if this sounds harsh, but advice is often cheaper than (bad) experience.all cash

If you have cash, great credit but hate the idea of tenants then that narrows the field.