What's left is barely profitable even for full-rehab outfits interesting in making significant investments in the area.

Check with @Edita D. as she and I were going back and forth about PM in DFW and she talked to a few outfits.

I work full-time in real estate development for a large outfit here in seattle.

He works for a big painting outfit and has painted the apartment beautifully, pressure washed the house and takes very good care of it.Takes care of most minor issues on his own.

It was to be my “dream home” and where I was going to retire so I was outfitting this thing to the max.

Young professionals come in and buy 80-100 year old buildings and spend 300k remodeling to make them worth 7-800k.There are outfits in town that buy these in specific areas and totally gut and redo or tear down.

Once I contacted companies who orchestrated such transactions, I was further educated about how broad the note purchasing market is and that most outfits are more interested in notes backed by real estate.

Even hard money outfits don't much under $100k.Best bet is to talk to small local lenders, credit unions, or raise the money from investor.

Other TK outfits will contract out to another Property Manager (PM), so they basically just do the buying, rehabbing (unless they contract that out as well), and selling, while someone else is responsible for the day-to-day management of your investment.

I can put you in touch with some reasonably priced outfits in your area if you would like.