You make some small money until it gets wrecked by at Turo renter! 

One town-wrecking tornado destroys my entire portfolio.

But if they occur, carpets are easily wrecked, for any kind of snap together floor, the urine can soak in between the cracks and be there forever...

Fleas, window screens trashed by cats, blinds trashed by dogs and cats, door frames chewed by dogs, carpet and lower walls saturated/sprayed by urine, carpet shredded by cat, wood window sills scratched by cats, edge of butcher block counters scratched by a large dog's paws as he liked to check out the food on the counter, oh, and the worse--cat up the chimney, damper wrecked!

Let's not create a train wreck here.Mark

If they are unwilling to buy in a benign economy, there is no way in heck they will buy when the economy is a wreck. 

It's incredibly uncomfortable, nerve wrecking, scary, and when it rains it pours.. this is your monsoon. 

You could do the same thing with SFHs if there's no multi where you are: buy a wreck, live in it while you rehab it, move out and rent it, live in your van or on your parent's couch until you get your next unit, rinse, repeat. 

Of my older MF rentals (2016) one place went from $515 a month to $625 a month now, which is cool but the value-add with this latest buy is what has really given me a push as the place was a wreck (it's nicer now but I'm not yet done). 

Why I will never ever partner again on real estate:1. giving away trust and control 2. their mistakes can wreck my credit, eat cash, cause stress, and put me in danger3. it's easy to steal, short cut, have fake numbers, make lame promises... how do you overcome the list of never ever no way?