If you get someone to sublet to you and then you build a successful VRBO or Airbnb what's to stop the owner from raising your rates at lease renewal or not renewing your lease and doing the same thing your doing?

Also, you PM fees will be astronomical (8-10%) compared to the fees paid by 100+ unit owners (3-3.5%). 

I doubt that your road should be the same as mine, and I think you should spend some time coming to grips with what's best for your market and what's best for you.this is what mom and pop landlording is all about.. fully integrated from sourcing to maintaining to managing.. and every city has this type of landlord business owner..  

You can submit an offer with a contingency that the owner pay for all (or even half) of a foundation inspection.

Redfin has a great business model for the owner not the employee.

I am trying to research all the costs associated with the purchase.I am looking to make offers on properties behind on taxes and take off the tax burden from the current owner.

You would need to analyze what type of tenant base is in the other properties and their capabilities to qualify for your project.Sometimes owners like to push the bad tenants onto other building owners.

It's in my hometown, Tupelo, MS, and the previous two owners hardly did any maintenance in the last 10 years.

Thing is many are A-class neighborhoods so generating cash flow will be difficult as the market pricing is supported by owner occupied purchases.Is Parma a good area for investing?

I say buy.. take advantage of thse low rates of an owner occ mortgage.. then your building equity instead of building your landlords equity. .. and since you can get roommates all the better. then if you want to buy again you have a rental in your portfolio already..