Numbers always look good on paper but between holding costs when acquiring and renovating property, closing costs on can also add up.I am not saying it cannot be done, as I did it with about 75 loans in a very similar fashion (except I was buying NPL's and got them reperforming).

Cash flows "on paper", not in reality obviously.

Quote from @Chris Seveney: @Luke H.I would be very skeptical of appraisal at $250k and buying it for $120k.On paper yes seems like not a bad deal but I wouldn’t do it because it’s five year term.

Stuff sounds real cool and worked out on paper but if it were that simplistic, wouldnt most people just do that?

Affordable / section 8 rentals look great on paper but it's one thing to review the numbers and another to actually own a portfolio of them for years and years.

To comply they’re using plastic utensils and paper dishes.

Because they found out the hard way that while Class C rentals look good on paper, they really don't perform as well as Class A or B, due to tenant nonperformance & damages.My point is, you are unlikely to find a shortcut around the challenges listed above. 

I’m much better with pen and paper 😂

This is where real estate investing turns into a great area and on paper investment strategies seem great, but when applying them to reality, things can quickly change.

. - I had a few COI/SOI leads while being on this team who have not signed any papers with me or any one on the team as of yet and won't for the next 2-3 months.