Don't let that one "rule" make or break a deal, but use it as a part of your overall due diligence; and if your expenses over the life of the rental come in under 50%, that's just cream :)

It's not too close to the house and the house is a green with darker green trim and some cream colored trim. 

based on price of lots going up compared to when these companies were creaming the hangover inventory 5 years ago.. lots have doubled and tripled.Lumber is up.lack of inventory in some areas slows sales.and building is highly regional.. lots of factors.. 

Unless, you are a seasoned landlord who can handle this neighborhood (which I'm guessing is pretty rough just based on the numbers), you will get creamed on these deals with repairs, vacancies, etc.  

It is just about what flavor of ice cream you love and the occasional bad taste you can stomach from it, keep going, and be happy still.    

it all boils down to sales and market half or more of real estate agents cant make a go of it over time and I would say wholesaler its far more.. simply because they are working in a narrower niche with less inventory to chase and sell.. some of the wholesaling threads you have guys on here that are getting licensed simply because if they cant buy it right they don't want to waste the lead and then they list it and get some revenue that way as well.. not mention not every real estate transaction is a beat up fixer.. what happens when a friend refers you to a friend and you list a 500k home that sells in 25 days and no monkey business and you make 10k.. and so on and so forth.. but no matter the cream will rise to the top both in wholesaling and with real estate agents..

I'm convinced some people have special connections and get the cream of the crop deals before us normal guys ever even have a prayer at bidding on them.

Using a buyer's agent to get great deals on REO's is like using an oven to store your ice cream (it just doesn't work).

If you do the walls white paint the top cabinets cream, something that goes with the countertop.

The cream of the crop have great support staff, but you won't usually get much in the way of personal service.