It’s a decent deal because of the potential equity capture of $40K.  

We were able to secure this off-market three years ago and the property had substantial upside.Below market rents.Ability to capture a number of other income drivers.Additional contracts to produce other revenue streams.High expenses.Inefficient current management.We were able to reposition this asset quickly and efficiently and make this a great place for people to live.

Look at your equity capture and cash flow to make sure it takes you toward the goal of financial independence.

Houses like this typically consume 40% of the rent in operating expenses, and you self-manage to capture the 10% management fee yourself. 20 houses @$50K each = $1 M.  

Just post a image capture of the numbers.Taxes are going to eat you on that property, but then again so will any other property.

And the leverage let's you capture some of the higher roi of leveraged properties.  

The nation's largest generation is starting to downsize which means they are selling their homes to capture the years of equity from mortgage pay downs and appreciation so they can move into a more manageable living situation.

The funniest example was the time I got a call from a Primerica agent (for those that don’t know Primerica is like the Pampered Chef of life insurance and they only sell term products- they are single handedly the biggest source of failed insurance exams across the county).

The way it worked was after rehab you refi to conventional loan and then you have to let it (season) for at least a year before you can capture the equity which will require you to refi again. 

For me, I need equity capture at the buy to invest