There are many ways to buy cheap elsewhere but still lose your shirt. 

I did a lot of cheap and cheerful Reno work on commercial spaces.  

Guys have heard that ad nauseum and its now a code word for "Do it cheap".

Years ago we didn't require it and just recommended it to the tenant, but it's so cheap and gives our insurer something/someone to abrogate against should we have to make a claim that we don't allow it to be optional anymore. 

I have had great success with Zillow Rental Manager which is free and posts to Trulia and Hotpads in one go PLUS their application fee is super cheap.

I'm cheap. 

Because, if you are a “regular” person meaning don’t make 5M a year W2 / legit bussiness which shows on tax returns, you can’t qualify for 20M loanAlso it mean, that people who buy 20M condo, chances are they have 100M-200M cash sitting and not doing anything.Return of equity is 0, as it also the cash sitting in a bank.Debt is cheap now days: 4-5%, but if you have “unlimited cash”, then not need to pay 4-5%As far as max cash flow and minimum risk - it’s something a lot of members discussed already.And last but not least - let’s not go off topic.

Guessing you used an uninsured, cheap handyman?

On paper the cheap houses look great, but the reality is they are harder to manage, have higher turn over and cost a lot more time and money.Buying before you retire is a good idea because once you retire, your ability to borrow money is going to decrease as you don't have a regular income from a job.As you want to fix houses up, why not buy a house that needs a bit of work, live in it while doing the renos and then move when you sell it. 

We found a cheap rental rehab home and and I'm trying to come up the best way to structure the operating agreement.