That said you bid on the parcel described in the tax records.

Morris has to know what was going on.. has to know the asset class I mean his videos show in in the same neighborhoods and then when you describe to people who are buying sight unseen.. well there you go. 

But I kind of did what you describe..

What Chuck describes (supplying no appliances at all) is actually illegal in a number of states.  

A detailed system for each project level and payment plan for work that gets done to proper standards should show the contractor that you mean business.I believe I'd follow the system described by one of the contributors to this discussion, Tom Shallcross a few days ago.

As Chris describes it PMC is a dating site for people needing money to do a deal and for people wanting to lend money to make a 10-12% return. 

and i speak from experience on this end I bought over 250 C Ds coming out of the GFC in the mid west and deep south.. it was as you describe 2 steps forward one backward.. after two years and coming to same place you are today I sold out to my partners and let them take it.

Beyond that though, I have dealt with 1,000's of houses and tenants like what you describe.

Than, once you have that, the strategy will describe exactly what market it works in and which it doesnt. 

As they describe it, it is not a 5 year commitment.