@Michael Stokes I allow them to fill the holes but I increase the price $25-$50 a night just because the extra work/time to deal with a small stay and the extra wear on my well/water filtration systems emptying/refilling the hotub for a one nighter.Funny part is looking at my door lock history most one nighters do not show up till after 10pm and often want a late checkout and don't ask till right at checkout time.

The money you spend while vacant and fixing the damages they did before the Sheriff locked them out is Repairs & Maintenance. 

Just make sure you do very deep due diligence on the property.Make sure it's not land locked, that it's zoned as residential or commercial and not agricultural or greenbelt.

It might be worth attempting a buyout with the tenant (also has its own ordinance and set of rules to follow), and gives you much more flexibility/doesn't lock you into living in the unit for 3 years.

I just locked on to this score last week.

Flying to Detroit today, Flying back from Cleveland on Sunday.As I leave the laptop comfort behind and venture beyond operating virtually I wanted to revisit the power of having a positive mindset. Waking up stressed ...

You won't lock up a deal if you can't prove you can close it.

The idea is to leave the decision for the rate and terms to the borrower and then lock the rate. 

They locked my rates at 2.25%.

All ears to any advice or comments!