Their only other bills are their mobile phone and car insurance, and with the rest of the money they save on rent, they can spend it on other priorities, whether it’s expensive toys, travel or paying down debt.

I hope to have 10 properties ( i am currently at 4) and at the age of 41...... by the time I am 50 years old and spend the age 50-60 trying to pay them down aggressively. 

Also, Rome is one of the only places I've seen that has consistent inventory below $100k.Word of advise, If you're investing out of state there I HIGHLY reccomend spending a week or two there to see/understand the market.DM me if interested - happy to point y'all in the right direction.

So spending the additional money to convert a property in my area is never worth it.I mention this, because if you goal is higher returns on your investment, I would make sure the financials actually align before you even begin to get to the technical components.

No matter what you do, you cannot replace the value of boots on the ground so the next best thing(in our experience) is spend some time down there, interview some potential handymen etc. and forge a relationship, we have multiple that we have connected with in person and when you make a personal connection with them they will take care of your property better, especially in an emergency situation.

You will need to be spending 2-3 hours per day on the business in the beginning. 

The starting point is knowing what emotional drivers (desires, fears, hopes) lead people to spend money on a unit such as yours.

Guys with problems end up gambling everything away because they've lost too much to walk away now.

We have to keep in mind flippers have a bad reputation of doing the bare minimum and making loads of money (which we know isn't true).It would be hard for me to recommend remodeling it without spending more time on it.

Additionally, a larger property like this is valued based on the actual cash flow, not sales comps, so you have the ability to force appreciation faster with efficient management.Adding the a 5-10 unit may also increase the amount of time you spend getting you closer to the 'Real Estate Professional' status for tax purposes opening up room for offsetting some W-2 income on taxes.