So essentially, you're taking the benefit of the lower purchase price, then excluding initial rehab exp and including deferred maintenance items.

OK I'm half kidding.I've bought and sold 800 properties, if you gave me all your money, you would probably learn one or two things.The first 5 properties that I bought were essentially nothing down, because I did not have any money literally.If I were staring with nearly a million dollars, I'd want it to stretch as far as possible and buy as many properties as possible with the least amount of down payments possibly.

Being that this is an auction my "safety net" is in the reserve price.

They do not have to go out on calls like that, they can tell the woman to stop unless it's a matter of public safety.

Hey BP,This post is meant to help all others who come after me... essentially I am looking to create a short 2-3 sentence summary for any and all real estate investing strategy there is.

In the case of an extreme emergency where they need to vacate the property, do so to ensure the safety of themselves and family members and leave me a message of a text and I will contact them once I wake up ..all my properties are local

Their requirements have to do with health and safety, vinyl and laminate counters are perfectly fine.

If you want to fear for your safety and wear a gun, then buy in low income areas of big cities.

They're defensive use is really a secondary consideration though they will each fill the role just fine.As to training - most of my training was hunting related firearms safety training.

Safety first!