These are single family homes that are worth anywhere from $500k-$1.25M, rented on a long term basis to renters that are paying a lot of money so there is a standard of care that I'm expecting for myself and renters-- over what I would expect from a 1 bed / 1 bath renting for $750/month (no dig to anyone who owns these, in fact I wish I had more of these). 

Purchase price: $525,000 Sale price: $525,000 Project Overview: Duplex to Triplex Conversion for Long-Term RentalIn this real estate investment project, I assisted a client in purchasing a duplex and transforming it into a profitable triplex.

For a first-time flipper, you can expect to spend 2x as much on renovation and for it to take 2x as long.

The Duplex was built a long time ago (1920's) and has had some updates over the years but still has some deferred.

If you can tolerate that, then you'll probably be fine throughout the lease term.

If it's a long-distance rehab, Facetime it.Do this often enough and it will limit (not 100% eliminate) the chances of missing something. 

Pleasant but my agent did not recommend that area for rental, especially medium term (my strategy). 

Are concrete footers the strips of concrete I see in mobile home parks sometimes that  are about 2 feet wide and 80 or 90 feet long... and the edge of the mobile home (the metal frame or chassis) is placed on the footer?

I did so because at the time to purchase the property was about half the cost of renting, and there were no STR regulations in Curry County or really beyond..I recognized early that the regulations that quickly developed to restrict my BNB business in Los Angeles were likely to reach other areas and by being ahead of the curve, could own a long term vacation rental, in a land I wanted to be anyway, before there were rules that would prevent that goal. 

They are often used to finance large, income-producing properties and offer competitive interest rates and longer loan terms.