Like everything else, you have to find the deal that makes financial sense.

It's likely you'll be able to raise the rent as well with the upgraded unit and you can look to market it during the time of rehab. 

I REALLY like that he asks deep questions and constantly probes his podcast subjects.

It wasn’t easy—there were tons of repairs needed, from plumbing and electrical updates to cosmetic fixes like flooring and painting.

Quote from @Clayton Silva: I am familiar with the area, happy to help in anyway I can, a lot of stuff like insurance or tertiary questions I can probably get you plugged in with someone more knowledgeable on those things. 

It is right on the fringe of being legal/illegal, and lawmakers have been talking about how to regulate it for years because it can be a dangerous process that leaves end Buyers feeling like they weren't represented.....especially when they see the closing statement and find out how much the wholesaler made just by getting to the Seller first. 

., sounds like this was in Los Angeles County.Would you mind sharing who you used to do the Lot Split?

These will have to be decent deals and are less likely on the MLS.

While I do believe that some of the posters on BP are able to do a quality job self managing their portfolio of STR properties, they are spending a lot more time doing it than they’d like to admit.10 years ago in many markets STR provided outsized returns.  

So the likes of University Circle, Ohio City, Tremont, Edgewater, and some parts of Lakewood are a good starting base.