You have a $1.75M debt only providing $32k of return.If you can get out exactly at 5 years, for what the homes are currently appraised for, you will have a nice time, a fat $350k paycheck.

Each time, it is a fat check.

LOL.if you take the depreciation then want to sell your Jet your going to get wacked with one bit fat tax bill .... unless you can dump off some asset that you lost money on and can offset it.

I get emails from wholesalers all the time, re pumping a property with a new lower price... seems like they are sending out the first one with a hail mary fat profit to them price, and then dropping it every week... 

I think there are 3 main reasons:Financial ignorance: most people I know are happy to follow the 401k path to wherever it leads and worry more about where they are going to go on vacation that year2) Laziness: RE investing is not something that can be done well while sitting in front of your computer and just clicking where someone else told you until you think you're smart enough to click where you want3) there is rarely a "fat pill" in RE investing.

I am in Washington state and I am considering finding contractors from Alaska because it seems the ppl around here are fat cats can name any price.

We are finding that many of the contractors are fat and happy. 

Fat McBrides on Maplewood and Pioneer next door have a great happy hour from 5-7 on weekdays (1-1.50 beer, 2.50 margaritas) and some half price appetizers.  

My box had a slit, but the fat envelope was sticking out, so I told him in the future, pay me by check.

@Jason Peterson, my suggestion would be: also have a look at some single family homes, available for less than @ $70k, and that's even without trying to negotiate (which, you should). eg. https://www.zillow.com/homedetails/575-Almond-St-D...