I can see how he could easily justify his actions, but I can also see how he could have lost in a court room because it came down to interpretation of the meaning of the regulations involved.

As for the plumbing there was only two minor leaks in two of the bathrooms, which could be fixed easily by myself.

Does grass grow easily, or do you have to water frequently?

I am a big fan of diversification and with such a large chunk of starting capital, you could easily split it up into many buckets and deploy them as you see fit.$100K- REIT investment: will generate pretty stable dividends, you'll need to pay taxes on the gains though, and appreciation will be very limited.$100K- out of state turnkey purchase(s) $100K- Bridge loan funding.

I'm thinking that with no or very low mortgage, I could easily live in this for "free."

What you're "selling" is your position in the purchase contract - nothing more.Sounds to me like what OpenDoor is doing amounts to what the short sale flippers were doing during and after the crash: getting ownership of a property at a discounted price, then reselling it without making capital improvements, even though they use property condition and needed repairs to justify their offer, yet they (attempt to) resell the property without making repairs, as Chris noted in his observations of the comments left by those who have had dealings with them.If a seller is sufficiently motivated, that market can sometimes be easily exploited.Having financial backing can allow them to hold properties for the prescribed "seasoning" periods.

If the tenant fights, this easily takes it past 60 days, the court fight shows up on public records, and future landlords will be aware of the fact that this guy applying for your property has an eviction history.  

If you had multiple units in one location, it is more likely that a costly unanticipated expense (and it WILL happen) could be more easily absorbed. 3) this is just my opinion, but i would never assume all these risks and only anticipate a 10% return.  

I don't have a reserve right now but this is something I could definitely do very easily.

Anything you can't figure out, a quick Google search will easily answer.