I live in a condo.Water leaked from my toilet to the downstairs apartment.

Then they see how it is panning out and begin to get more aggressive with the acquisition side as they get multiple flows coming in.

That’s a 180deg turn around to reach for the toilet paper!

just to throw this out there, but by me all the foreclosures ive walked int, yeh they had the cute little stickers saying they were winterized, but nope the plumbers would dump some antifreeze down the toilets and call it a day, if you look real close at the heating systems almost always they're popped somewhere.

My number is for big ticket capital expenditures... not repairs & maintenance costs such as paint, toilet repairs, etc.

Just factor it into your numbers and if it doesn't pan out then move on to the next one.

Included in my cost is new bath soap, deodorant soap, dish soap, hand soap, toilet paper, paper towels, laundry detergent, and occasionally bath towels and bed sheets.

I will let you know how it pans out for me in the coming weeks.

You have to value your time - if you have the time to fix them up, then the deal is solid...if you don't have time to swing a hammer, slop some paint on, or replace a toilet, then you're better off going retail.One frustrating thing is there are many folks these days that are buying some of these run down homes  then attempting to rent them out or seller finance them on the condition that you make the repairs. 

Many of the most profitable locations will not pan out on the BP calculator and likely if invested in the BP calculators " bests" one could find themselves in a world of hurt down the road.