"* Unless you want to fight, forget about the low-priced fancy places.

I did a write up of their strategy: How to buy a Korean apartment for $5,000It's Saturday.. no need to dress up, right??

Anyone can get data and analyze data to death...but if you don't have lead pipelines established, then you won't get deals.I already shared a lead pipeline in my first post: talking with eviction attorneys. if you're not doing that and you're waiting for some fancy data, charts and mind-blowing theory and equations, then you're not going to do deals. 

We also have them sign an agreement with us about how to deal with owners and tenants (What to say , what not to say, how to dress, about being ontime, when they get paid on jobs etc..)We make sure they understand how we operate, what we expect of them but also what they can expect from us.

Write a business plan (doesn't need to be fancy/formal) that says why are you investing, what are your goals/timeframes and what type of properties you want and why.  

I don't want to get fancy but opportunity is opportunity.

@Ellie Hanson This is true, I came from a family that did not have much growing up, so my goal was the be the big man, own a lot of money, fancy this and fancy that.

I have estimated $100-$150 per square foot depending on how fancy we get.

Nothing fancy 50' x 100' lot in a not so desirable area of town that allows MH's.

Below are what the numbers would have looked like:-$189,000 price (assuming I negotiated to the actually purchase price of $170,000)-25% down payment, 4.5% interest purchase price plus reno loan (loan structure I am using for my current deals), $25,000 renovation-Rents were listed at $500 and $750 (I would have put inserted $800 and $1000 which are the rents this type of property usually goes for in this part of Cincinnati, Ohio)After insurance, taxes, and savings the numbers would have been: -8% ROI and 7% cap rateLuckily for me, I was very stubborn and listed my rents at where I wanted them to be, and after a few weeks of vacancies and the fact that super fancy apartments charged $1350 for 1 BR unit, I was able to get the 35% ROI which I now know, is an outlier.Cannot wait to hear about others experiences!