New York Prices bla bla bla..yet we just bought a house for ... pretty much a gallon of milk (the green house)And before that we bought a house for 11K with ARV of 183K (60K in repair costs).And before that a house for 5K ARV 60KAnd before that a house for 70K with ARV=350K.I have students in Florida and Miami that are crushing it.If HE can do it... why the frogging frog can't YOU!? 

They would always come back no matter what happened and no matter who got arrested they had another guy to sit under the tree, or on the corner, or on some broken milk crates and keep doing business the next day.

My opinion after looking at this market was that owners are like cows being milked for the pleasure of all the locals.If you were to find a single family home near the beach to self-manage with no HOA perhaps that might work but if you expect to hand your property over to someone there to manage you will probably break even but don't expect to make a killing.

This is because every penny I got can help pay down consumer debts and contribute to the marketing budget and future property acquisitions.Longer Am's are good for when you are recycling cash very actively.

Thus and 2x my original 401k $ even after my tax hit.Don't remember what I did with the profit as it was then just part of my general buying fund, but I'm sure it's been recycled up into several other properties since. 

@Santiago Cazorla value add investing where you can recycle your capital via cash out refis and/or flips.

This way has been great for me as I have been recycling the same 25k to add over 11 doors and counting.2) Rent a space close to downtown or the airport in your area.

He lends at 12% plus up to 4 points sells the notes back to passive investors at 10%, bundles partials into a single trust so all investors are in first position, then recycles that money into new loans.

Depending on the amount you refinanced you could take that money use it and do a live in flip, you could buy a cheap property with cash and do a BRRRR(recycle the money you refinanced), or you could even do a house hack since you and your partner could technically "live" in two places.

I am thinking sending a formal letter specifying that for items that are deemed non issue they will be charged $200+ per visit to the property and deducted from their deposit.b) Apartment is delivered with one large trash bin, and 2 recycling containers.