Hey mate,Take your time (As much time as necessary) to get the right feet on the ground first and foremost.Many folks get caught up in the attractive numbers a potential market presents and completely neglect building a team.A good ream on the ground will make or break your investment and not so much the demographics of an area itself.You can minimize your risk by buying super cheap thus hedging any "mistakes" you make in rehab or by working with the wrong people.Be patient and negotiate tough and you should find a bargain.We do even in today's market although much less often than 3-4 years ago.Direct mail, wholesalers and good old Craigslist are just some ways we buy a lot of our properties.We are also on the list of various disposition managers that send us deals.This site has some decent deals from time to time also - https://investorlift.com/And forget about appraisals unless you manipulate them.It's a blood joke if you ask me... lolI've had deals appraise for less than we bought and rehabbed which is impossible.And I'm pretty confident that my company has bought, fixed and sold more properties in our lifetime than many appraisers have appraised.Appraisers sometimes like to be A$$holes and give a lower appraisal just to screw with the flippers profit.I think they sometimes do this out of jealousy lolIt's a funny world we live in.Just my 2 Aussie cents.Much success 🙏

I'm actually going to turn the 4 BR 2B into a sober house for recovering drug addicts/alcoholics - I will have 8 tenants paying 400.00/month.

@Mas YoshidaSee following list:IRA funds CANNOT be invested via a promissory note to the following: Who’s OutYouYour SpouseYour natural parents and/or your adoptive parentsYour natural grandparentsYour natural children and/or your adopted childrenThe spouses of your natural childrenAny fiduciary of your IRAAny people providing services to your IRA–such as your stockbroker–as well as his employees and both his and his employees’ blood relativesIRA funds CAN be invested via a promissory note to the following:Who’s InYour brothers and sistersYour Spouse’s brothers and sistersYour spouse’s parentsYour spouse’s grandparentsYour stepchildrenYour spouse’s stepchildrenYour grandparent’s spouse, if not your natural grandparentYour aunts, uncles, and cousins

In fact, this business is about blood and sweat.

I just had to have previously given blood to the Red Cross 😁.

He has a good job now, and I hope that he'd stay clean, but when a person is under the influence of drug and alcohol, he's not himself.  

If you do, will it cause bad blood with family?  

If I was the one who found the property, put in all the blood, sweat and tears, etc.  

How would you react if someone sends you a creepy hand written letter in blood..

We don't have a crystal ball to know that a tenant with no prior evictions and a solid job history would suddenly be laid-off and turn to alcohol and stop paying their rent.