Back in our Day 70s 80s .. our normal spread was 4 to 6X of what we paid for it so we could afford a healthy discount and still double our money cash on cash.I still fund land flippers to this day and really enjoy it.. bought one today and got paid off on one today :)  And in a way if you really know what your doing beats buying beat up houses for many folks.

Turnover can be very time consuming. 

Driving for dollars is a very time-consuming task and even if you target distress properties that its only one layer of motivation which for us is not the one that triggers our sellers to be motivated.  

I've been able to get a healthy combination of both cashflow and appreciation from all my properties after a little TLC.

I've been consuming as much content from BiggerPockets the past 6+ months to plan for an earlier retirement than I initially thought possible.

Millions upon millions of jobs lost "forever" ("exported" to the "third world"), more millions lost half or more of their retirement accounts, creditors slashed and burned consumer credit to the point where, by the banksters' own numbers, some 74% of Americans wound up with "bad" credit (it was only 47% before they did that), ...Now, add in the knee-jerk responses in the lending industry and you've got a situation where only the elite of formerly middle-class wage earners can even hope to qualify for new home loans.In fact, the given the current housing shortage (yet more fallout from the crash), it is ONLY the dearth of lending which is keeping home prices from launching into interstellar space by suppressing demand.

I have a healthy appetite for risk, but I calculate risk into every target I have at the auctions and its my conclusion that I'm more conservative than most investors.

Your vacancy expense could be quite significant and consume all of your profit and even get into your principal.

And it seems baffling there are no construction or architecture firms dedicated to the concept.There is no convention in shipping container construction, therefore every step of the process is clunky, i.e. time-consuming, i.e. expensive.This is why, I believe, it hasn't (really) worked, which is definitely not to say that it won't work.

I like to think we offer a premium service at a healthy discount.