They aren't going to automatically remember to do things like pay the water bill, mow the lawn, not throw Q-tips down the toilet, etc.

Riskier than traditional-With the high interest rates and short terms, you could end up being under water if you do not manage your project correctly.

So far, knock on wood, because it is systemic, and because everyone uses the same pool of appraisers it's not like you can "go somewhere else" (if you bounced the buyer out of contract in favor of another buyer, all you are doing is resetting the appraisal clock back to day 0 of ?

Make sure before you purchase the property that both homes have separate utility and water meters.

Mostly cosmetic fixes besides the AC, ducts, insulation, Aerator for well water and a big back patio of pavers.

Each year I'm replacing carpet, buying washers, replacing hot water tanks, repairing the porch, etc.

They don’t work for rentals because in many states you aren’t allowed to take days or weeks to fix problems like no ac or no hot water.

Still have to account for roof, hvac, appliances, hot water heaters, bath remodel, kitchen remodel, siding, etc.

@Ann Wing you don't say where you live or where  you want to buy there are only some locations that have a large rental pool for midterm rentals.

Getting water and sewer hooked up will be expensive---you will have to have a separate electrical connection added to to split utilities.