Just dont try to make a deal work that isnt a deal because it wont end well for anyone!

I'm not keen on spending thousands of dollars right now to dig up and replace the sewer line to get rid of the bellies, so I figure jetting the sewer line once a year could buy me some time before I have to pay for a more permanent fix4) Electric water heaters - flush out the water every couple years; not sure if anything else needed5) Wood destroying insects - termites and other WDI are a concern in this area but I'm not entirely sure the best way to keep this in check.

So having lived thru the 2008 housing crash here are my thoughts - if you are buying to hold long term *and* you wont be overextended then Investing in a strong area in better type (MF) property would be, IMO,  a decent idea.   

If they can't/won;t pay they have violated the terms of the lease and you have what may be grounds for removal...

@Jay HinrichsI agree, it wont be long before its mass produced for cheap and sold like cigarettes and the home growers and all that will be out the picture.

@Aja Leafe-HallDon’t do the STR if it won’t LTR for 1% and never STR if it wont gross at least 1.5%Don’t do a partnership until you have some experienceOption 3.... what makes you think the septic is bad?

The format wont allow me to adjust it to technically having nothing out of pocket, so I added the extra $70/month (which is essentially financing the 15k down) to 'extra expenses'.. 

I'm exploring some areas like Huntsville, AL and Augusta, GA due to the growth of these towns.Maintenance free: my tenant destroyed my house.

Sustained periods of wildfires destroy existing homes, requiring expensive rebuilds, and raise the overall cost of home ownership through higher hazard insurance premiums.

That number of units wont be listed on the MLS and the good ones will sell without ev r being advertised.