Of course, the other potential hiccup here is that if one member of your team misses a deadline or just falls down on the job, you're stuck trying to jerry-rig things back together at a distance (or paying for a last minute flight) in order to limit vacancy time. 

One particularly egregious one comes to mind:  Client had a condo in a complex of many condos of similar (pretty much cookie cutter - the same) size and style.  

Cookie cutter 3 beds 2 Bayh's were going for well under 100 K.   

Either by;  buy and flip or buy and hold properties. i am not looking to reap the rewards for at least 10 years.( i am 29 now). my location is in Bakersfield Ca. i currently work on a land based oil rig. i have a construction background and there is nothing i cant fix/build myself when it comes to rehabing a house. i am open to all sorts of ideas so i can then narrow down my path of action. in your guys experiences what would be my best bet. any advice / input would be greatly appreciated. i just dont want to get discouraged, go out and buy a boat or something and then regret not seizing this opportunity when i had the chance.

Plus, a huge bonus is if the seller is living in the complex and is way too close to these lower class tenants, due to him/her rigging things instead of replacing cap ex items.  

They replaced the roof and it almost made up for all the money I had to pour into the house to fix all the stuff the sellers Jerry rigged over the past 30 years.

I rent a 3-bedroom unit for about $1000/mo more than a 3-bed cookie-cutter unit up at Melrose and about $1000/mo less than the comparable houses near me.

There's a lot of questions that need to be answered and the sad news is there is no real cookie cutter answer.

Where do you  buy your postcard stock, is it perforated or do you cut your own using a paper cutter?

Very interesting insight, I thought inspectors would be a cookie-cutter profession where each have the exact same process/checklist.