But logically, who would want to compromise their own credit with this practice, especially if you're barely getting by.

It sure is nice to start that cash flow on day 0.However, the negative to this is that I personally did not do or oversee the work--and it's always been (in my experience so far) barely average to subpar once you start to scratch below the surface.

I'm troubled further because in my area (so cal) 150k can barely buy you a 2 bed 2 bath at 1000sf.

My appliances are pretty much ruined and the bathroom has pink mold in the shower.

If you would be staining it you would have to go with something less strong because the stripper can color the bare wood underneath and put some heavy dark spots in it.

Well we barely made ends meet again but our house is so huge!

In any particular year for any particular property your actual results can be somewhat better (taxes and insurances are the bare minimum) or can be much worse (no upper limit.)

Personally, I won't look at anything that would rent for less than $400/month bare minimum and I prefer $500/month or more.

Its safe to say that I live in a cheaper area of the state.This particular place is not in a bad neighborhood and is acctually just barely outside the main part of the city, less than 2 miles.

“Buyers loved upstairs, but downstairs was bare.