It seems a traditional sale gobbles up half of it in closing costs.We refinanced early last year, and another refi would cost ~$5k, plus w/ the LTV, I don't think the numbers work out just right.Too bad we were too naive to even consider those offers when they were handed to us.

Homes will have even more deferred maintenance and tenants will be even harder on them.Class D pretty much requires an OWNER to be on location and at the property 3-4 times/week.

Yep both enjoying the investment both short term and as a Longterm investment.  

Even accurate estimates don't bear out on a small sample size.

I’ve been coaching new investors for a while, and I always enjoy hearing about what brings people to real estate.

Normally the escrow agent will want mutual sign off even if its clear the contract terms indicate one party should be awarded the escrow funds.

@Roman Balmakov If you are planning on holding the property long term and have enough reserves to cover even worst case scenarios it could still be worth it. 

It’s also worth connecting with a property manager and contractor early, even if you don’t need them right away.

What are some of the best areas or even zip codes that would be good to buy a rehab property?

It’s not something I do every time, or even often for that matter.