I know this would eat at profit, but just seems like a lot less work to go out there and find every deal; not saying it will replace marketing/looking for your own deals, but seems like a great alternative route.Thanks in advance for any personal experiences!

If you can't get to a property on the other side of the country on a regular basis to ensure that your manager is doing his job, then you shouldn't be investing there.BTW - Your travel to visit those properties and check up is going to also eat into your profits.

The question in the United States is not whether the poor are able to eat, but whether they have the premium cable package on their big screen TV!!!

Might be a chance to meet some of those meat eating women I told you about.

I need to eat some crow with my "most" comment in reference to FHA loans.I do about a dozen rehab to retails a year and the last one I sold was was via a conventional loan but it was almost two months ago, so my current interaction with retail is not as up to date as some other investors.After I made my post I contacted a friend of mine who does 4 or 5 times the rehabs to retails I do, and he hasn't sold a house on a conventional loan in 2 months.

IIRC we turned the place within a month but did replace the carpet, but we raised the price by 1/2 the carpet cost.Generally pointing out what the seller already knows, and then offering to "eat" that item yourself is the least costly way to go.all cash

Dampness and wood eating insects are your homes worst enemies.Now with the kitchen and bath out of the way, what do you feel is next?

Difficult tenants, costly repairs and falling rents can eat into your profit.

I dont know what kind of poor people you deal with, but poor people I know eat what they can get (low end food) and cook it in grease to make it taste better.I've been working with mid to upper-end stuff for four years now and it has treated me pretty well.

I've made a fortune on that which I actually stepped up to the plate & BOUGHT.....All my "bad experiences" are related to "Eating Crow" :cry: (& it tastes NOTHING like chicken) :violin: & NOT having taken that swing...only 2 later find out that the property was worth 2x...