What that 20% translates to in dollars really depends on where you are buying.

It's quite difficult to do (and sometimes illegal) when purchasing multimillion dollar multifamily properties through a syndication structure. 

Those are real dollars back in your pocket and they're tax free.And while we're on the subject of tenants. 

the best wholesalers spend thousands or tens of thousands of dollars a month on marketing. 

I don't know the condition of these units, but to bump rents several hundred dollars per month, you will need to spend some real money.Additionally, Home Depot or your plumber don't care what you are getting for rent.  

The three properties referenced above: a) one turns into a mid-term allowing me to get higher than normal rents that cover everything; b) one turns into a short term; c) the third I focus on getting the highest dollar with short fall of may $100 per month and planning to raise rents in the next few years to cover that eventually.Problems: I have been a long time airbnb user.

Paying top dollar in a hot market may not be as profitable as a great deal in a solid market. 

Some thoughts on that for me are that the lowest dollar spent that can be stretched further in rentals is the best.

@Nolan Connor For a few hundred dollars you could've had the drain line inspected.

It sucks, but it's way faster than going to court and cheaper.Even if you don't hire a lawyer you will be out months of rent and hundreds of dollars in court fees.