Plus, they are a horrible company... they are continually being sued and fined by the government.

I have a question about Buy and Hold strategy that I was hoping some of you could give your input on and perhaps point out the flaws in.I feel like I keep running into properties that have been flipped recently and look very nice/completely re-done, however they are in horrible areas still.

He calmly replied to my email around 1130 am the next day stating " there is an emergency situation at your property-- the situation was so horrible I couldn't even take a picture.

It may be a great investment, but it could be horrible.

I currently dont owe anything to anybody, but have a horrible credit score duedue to past health Expenses.

The rental rehab budget would be around 20k.The cosmetic issues aren't horrible, but the layout's weird: Only 2 brs upstairs (one very small), the "3rd" is in the basement, along w/ the 2nd bath.

But one here and there is not horrible.

After reviewing the ratings most of the horrible comments are from tenants and not landlords but I want to confirm with other current landlords that bad is bad.

At the time, my credit was horrible due to a business bankruptcy a few years prior, we had no money, we were in debt up to our eyeballs paying off debts from the business failure and we wanted a better life for ourselves where we would never have to worry again about money.  

It's a horrible business plan.