Are you okay giving up 1,200$ a year in income so that you can go over to their yard and eat hotdogs ?

Whether you fix it up or not, you will eat the most by getting it on the MLS......you’ll find all the investors/agents looking for this kind of deal, not the 10% or so you’ll “off market” marketing.

I am, as you have correctly surmised, a horrible old man eating of his bitter heart in the desert and liking it.

Not only do you lose schedule, but hanging out in airports is not cheap unless your're going eat junk food/McDonalds while you wait. 

All aside, we are willing to eat a little of the mortgage payment if it means acquiring a good flip property.

My fav zip to buy, live, and eat/play is 77006.

If you need cash to eat... wholesaler made right choice.

Especially if you are financing as the holding costs may eat up all of the profits in the event the contractor doesn't do their job in a timely manner.

The move toward consolidating campuses, hybridizing 2- and 4-year schools, delivering educational content online are all going to eat away at residential enrollments. 

paying recapture is the most NON talked about event on BP or in real estate.. and why when folks talk about buying for only cash flow and appreciation IE speculation or gambling those folks totally miss the point and do not have a full picture of the Lifecyle of a real estate investment.. if you have NO appreciation your recapture tax is going to eat into your IRR in a negative manner.and for a lot of folks to 1031 one little house with 20k coming out of it is hard to do.. since the house never went up.. the other thing is people that say they are buy and hold forever.. this rarely happens.. life happens life changes.. and so 7 to 10 years down the track MOST folks unless they have decided to make it their lifes work IE be a full time professional landlord.. they sell .and then that pesky recapture they never knew about or thought about bites them .. :)