I use a lease because if I ever want to sell a place and want it empty I can't evict them due to the local laws.

For us, they always stay and adjust to the new reality.30-DAY NOTICE OF RENT INCREASERCW 59.18.140  (reference to our state's landlord-tenant law, replace this with yours)Tenant: ____________________________________________Address: _____________________________________________Dear Tenant,As I’m sure you’re aware, during this past year rental rates have increased significantly in our area.We have personally experienced increased costs for taxes, utilities, maintenance and repairs.Therefore, we must increase rent for the dwelling you occupy.This notice is given on the date of:_______________________Effective date of change in rent:____________________New rent:____________________We value you as a tenant.  

VA loans have some strict requirements so a flip candidate probably won't meet the loan requirements.

Brinkworth Law Office  - ask for Maryalice (paralegal) and let her know I sent you.

I work and invest in the LehighValley and we have a number of investors who come to our market for the price point, taxes, and friendlier landlord laws.

It could be possible that it was turned into a three family prior to the existing zoning laws that prohibit the three family use for that area.

I have some long term holds but this will be my first deal to strictly fix and flip.

Also if houses are continusly rented and are grandfathered in past Missouri state law for some tenancy regulation you can, add some bedrooms to most properties here and rent to college students.

Yes, but with the current tax law, if you're investing in any kind of a value add there should be much more loss than income in your K-1 :) 

As far as I know, it's still illegal under federal law to house a growing operation without proper licensing and the funding of one.