If it really needs an enormous amount of renovation, it is not likely to move off the market as quickly as the quick flip and hold.  

During my internship, I learned an enormous amount of information and I realized very quickly that real estate is nothing like the classes I had taken.

In the short time I have been a member of BP I have learned an enormous amount.

The rental demand is partly due to the enormous air force base, its many specialty manufacturers and military contracts, its two big universities and the slow resurrection of the auto industry which was devastated by the shuttering of GM at the crash time (I think it was 2007).The north side of town has the best housing stock in my view.

Asset class (A, B, C, D) and, as you mentioned, location plays an enormous factor here.  

If you were to lock in an Non-owner occupied today, you should count on 4.5% with 25% equity, or 5% with 15% equity.William is right, 50% expenses would be enormous.  

Last but not the least - enormous sense of entitlement of the Tenants on any form of assistance.

that helped enormously, thank you!

The range was enormous.  

He saw the fruits and said, "I want those", but what he didn't see was the 10+ years of reading hundreds of books, making mistakes/developing solutions, and the enormous effort it took to develop the investment strategy I employ today.