@Elias Halvorson the poster actually lives in another country.The pinned Cleveland, OH reference is just what they entered based upon this post:)

I will post some progress as I get into the renovation after I close and share more numbers of my cost. 

In fact they are probably using more labor hours.

Let's talk,DanIve actually been looking into buying a condo myself as an investment, I have a few rules, needs to be with both good hoa management & relatively cheap fee (bellow $600 a month) needs to be in area where I’m not competing against other new construction apartments, needs to be an area where even townhomes are so expensive you are not competing, I.e. upper nw, nova, Bethesda etc. needs to be 1990’s or newer in most cases.

Here's an example: we use PriceLabs to gather data on all 2BD/2BA condos within a specific radius (5 or 10 miles, depending on the market).

My name is Margaret and finally after many months of researching, I am ready to jump into REI and wholesaling. 

As your portfolio grows, then you can start looking into a property manager. 

I use a point system for screening; applicants get positive points for positive aspects, lose points for negative aspects, and I have a point threshold for each property. 

This is a lifelong endeavor.

If you find the few exceptions to this you'll see a bunch of newby investors who don't know any better, buying in them.