My criteria was going to be Cap Rate = 8%, Debt Coverage Ratio = >1.1, and looking for an IRR in the high teens or mid 20%.

It is not glamorous or sexy - it is just another boring business.

https://www.realtor.com/reales...I know brrring is sexy but In most markets around here with the exception of dc proper your better off buying turn key, the price of buying the property plus renovation usually is more than buying turn key, not to mention having to use hard money rates and the potential for major cost overruns/contractor issues, if I’m buying a rental unless it’s in dc proper and even than I buy turn key and I’m someone with extensive renovation experience. 

My ROI is in the teens with very little work to the units.

This is the only way to get cap rates in the high teens And low 20’s

Sure, they don't make for sexy headlines, but I would argue they are just as impactful as the technologies discussed in the article.

Hello Bigger Pockets community!! My son who is 17 is looking to work and learn about real estate investing. Ideally he is looking for a part time job that allows him to learn more about Real Estate. If not he wants to...

Not sexy, but not volatile either.  

.; divorced, teens exiting foster care (18-21 age). yes there is a need. you need to know where your clients will hail from. there you will find them at DHS/DSS/WIC/DV/ agencies. single rooms, shared kitchen, bath etc. all very commonly used for "temporary/shelter care" housing. for 30days to one year. pending --usual things like court hearings, sentencings, adjudications, or pending finding a larger unit to reunify with children taken by CPS. be ready for drama. but if you work it hard-the state/county/federal will pay.

We were in the teens, so they are climbing, but to like 22 Days on Market, which is phenomenal by any measure.