Co-ops with no flip tax or condos -- all in estate condition -- JUNIOR 4's that you can convert to official 2 beds and add a bathroom; pre-wars where you can rip down walls to make a more open space; everything in estate condition of course.

If you are being shady and ripping people off then that's another story.

Here is an example, ripped of from one of Ben Leybovich's articles:https://www.biggerpockets.com/renewsblog/wp-content/uploads/2015/03/CapEx_Aricle_TABLE_1.pngAlso, another false statement I see on BP all the time is that because it is newly remodeled, an investor should be able to eliminate or reduce the CapEx expenses... this one is actively sold by the turnkey companies as is the % of rent CapEx falsehood, if they even talk about CapEx at all. 

 $3 to feed 4 people dinner seems like a great price all while they rip you off 300% from what the locals pay.  

@Paul Winka I should have mentioned I get that price for a couple of reasons:I have hired the same company many times and I don't even bother to get quotes.I hire a kid to rip up the carpet and pull all the staples and carpet tack strips before the floor refinisher gets there.

Additionally, you have provided me the most realistic perspective of RE investing yet - I was certainly spellbound by all the success stories I've read, and I needed someone to rip the rose colored glasses off my face.

check out rip off report..  

But sometimes sagging is best handled by ripping up the floors and sistering the underlying joists, which would require floor replacement.  

How to remove mildew:1) repair leak where water is coming from2) rip out damaged drywall and framing3) let area air out to allow all moisture to escape4) replace framing/drywall It's not rocket science, people try to make this more difficult than it needs to be

google them & find out... vacation rentals yup sounds like a racket for unsuspecting people that won't come back to sue for what they've been ripped off of..