Given the right purchase price (BIGGEST MUST HAVE) and a very solid idea of repairs since I will have inspected before, I could raise/beg/borrow/steal the repair funds especially since the expected return range would be much clearer by that point.  

Although I know investors are flipping properties the subject house I mentioned above has a flip on the same street which is where I’m getting a lot of my numbers from as the houses are near identical. 

The first one is always exciting - sometimes you just have to take the plunge too even if it’s not a steal.

He has four identical townhouses in the downtown district that he has been AirBNBing out himself very successfully for the last 5 years.

I think all your eggs in the cash flow basket is very risky if you can not get the investments rented for a period of time, or your property manager is no good at best, and steals your money at worst.

I finally found my client a hidden gem: A 1150sqft 3/2 block home listed for $79k in an area with nearly identical $155-165k comps.

What a steal!

Should i call the electricity company and report this issue to check if the tenant has been stealing electricity? 

Someone broke two windows and smashed the finished ceiling in the basement to steal all the copper piping.

You’ll find these have identical layouts, making it very easy to renovate, easy for maintenance, and the basement can become storage and laundry for extra income.