I find it disturbing how many "business models" are all about suckering people into buying and even use skillful wording to deceive people into signing up.

Find me something that's even a 7% cap rate and I'll buy it tomorrow!

Quote from @Jaycee Greene: @Orlando Johnson Are you still looking at buying this property?

It seems you're exploring Rehab Financial Group for your BRRR (Buy, Rehab, Rent, Refinance) strategy, which is great!

Buy in a market not too far away, 30 to 1 hr from a decent city center where values are reasonable and a city push out with help your rent and appreciation. 

Now, I never buy a property without at least 4-6 months reserves on hand.

When I worked with a property management company, we had someone buy a unit (single family) that had a STR and marketed it as a STR.

Later I was able to buy the vacant lot between for a grand total of about 2.4 acres.All the houses are in bad shape.

It's near impossible to cash flow when most homes are selling for above $750K, Taxes and Insurance added in the PITI payment is higher than the rents.You can buy a Duplex 2 unit for example in either FL, IN, or OH and not pay more than $200K the rents are typically $1200-$1500 a door.

In 2008 a friend of mine spend $300,000 to buy 100 houses in Detroit.