However, you have to start by knowing what those laws are.Regarding a buyer's list, DM me your email and I'll send you my best tools for building a massive buyers list.

This can be tricky from a warranty perspective as if one is the plumber and you have a massive leak it will be very difficult to determine which sub caused the damageNot to see it can't be done, but it should be at a considerable discount

If you aren't concerned about equity, couldn't you just buy another 4 unit that is move in ready and not have to deal with the massive headache of a 50k rehab?

I have seen amazing personal growth in myself over the last sixteen years and now believe I enjoy high quality partners because I have evolved as a contribution minded person.You're not going to succeed in real estate unless you go through massive failure.

This changes the numbers massively for first time investors.

I waited until I knew enough about investing, to reduce my risk, before I pulled the trigger and made my first purchase.I'm taking massive action to acquire properties over the next 5-6 years and take advantage of the low interest rates.

All you will be able to hope for is massive appreciation to see any profit off of that.

I have had massive success with working with a handful of cash investors.  

@Patrick Philip It's great that you want to have a massive cash buyers list, but 1,000's is fairly unrealistic.

Lot rents at $250 and running at a 40% expense ratio produces only $16k/year net  Is it worth it for the massive amount of work this place will require?