Purchase price: $450,000 Cash invested: $450,000 Centrally located near Shopping, Entertainment, Transportation and much more.

Quote from @Armani Diaz: Hello, I just purchased a rental property duplex through wholesaler.

We all know about the shiny object syndrome or at least we have heard of it. 

But one thing is for certain - if it's off-market, you have a much greater probability of getting to the the desired purchase % you are after.

But you have to purchase new investment property of at least as much as your net sale to avoid tax. 

Purchase price: $230,000 Cash invested: $283,550 Sale price: $283,500 Purchased off market. $25,000 Rehab. $20,000 profit after realtor commission.

It is also not an option to not renovate as she came with the house when I purchased it and absolutely trashed the place. 

They sell a 4 unit for close to 1 million dollars close to Jacksonville. they want 250k or 300k down. there's no upside. you can google the properties on biggerpockets and there isn't a lot of satisfaction. it's a slow return and get rich slow strategy. our focus is always as a builder to add maximum value, lower cost as low as possible, build and rent and build and sell the same product and raise prices to help investors out. we have a large market share and large purchasing power in our market in columbus ohio. the one strategy I never liked about turnkey new build brokerage companies like them and build2rent or others is they don't really build close to urban centers and most are single family homes. the numbers don't work on single family homes. if single family was the way to go more companies would be doing it. but by far the most common type of new construction built is three story walk up apartments.

I have never purchased anything 'perfect' but all of my rentals could have been rented as they were upon purchasing them. 

Before that, I purchased property in Rhode Island.