Took me 5 years to get my 2nd third property.If you want to risk it all try flipping or bit coin.

Rehab Costs - $20,000.00Although flooring, paint and countertops won’t cost $20,000.00, from the pictures it seems some of the meters may have been stolen, so I am concerned that copper thieves may have gotten to it, so this accounts for unknown costs.

Be sure to watermark your photos with your business name and phone number to prevent your ad from being stolen.

Agree with many comments, my first investment property is not in a war zone but in a working class neighborhood yet had  broken front windows and a stolen air conditioner.

I was supposed to close this Friday but there were several delays with the appraisal (lockbox had been stolen when appraiser showed up, next time they came they were given the wrong code, etc).

There have been breakins in the area, as thiefs have stolen copper, AC units, etc...

I'm doing it for the cliche' reasons that I stated at the very top, but mostly because i'm very business minded and have been since I was very little, and real estate has been something  that has stolen my life (Because it's all i can think, read, and talk about!!)

But before I begin, I wanted to share with you some real estate investing philosophy that I will freely admit I've stolen from a stock trading seminar I studied a few years ago. 

Good luck if your appliances or tools are not stolen on a reno job. (2).

There are basic things like the condition of the engine and body and tires and interior... but then there are other things like how did the owner treat the car, or was it involved in a crash, is it stolen.... etc...