Index funds beat those returns by a long shot and don't have furnaces to replace or tenants to deal with.As I see it, the only way to actually cash flow in the current market is to do a higher effort strategy (STR, MTR, rent by the room, etc.) or have low to no leverage. 

I have about $5k in a credit card and another $5k in a home improvement loan because I had to replace my AC condenser after purchasing my primary last year.

I mean you technically require a permit to replace an outlet or sink faucet hahaha

You can get some estimates from contractors for what they charge for big ticket items like to renovate a bathroom, renovate a kitchen, replace the furnace, replace the roof, etc.All wholesale deals should have free and clear title and you should be able to see the sales agreement before submitting the earnest money deposit.

Garbage disposals are my most often replaced items. 

It usually doesn't cover for full replacement of your property.

Many unnecessary things are repainted, redone, replaced, and rebuilt.

It all cash flows like a gold mine until the roof needs to be replaced, the main line goes, or you get your first turnover bill and need to upgrade a kitchen. 

Thus, they are more apt to be torn down since they are in central locations and larger projects can replace them.With regards to the general BP poster or reader, doubt most of us are the $100mm to $300mm investor range to consider taking advantage of these properties.Looks like you're in California. 

Hi i have lived in Dubai for 10 years and the benefit now is to buy in 5 areas being Dubai Marina which cant be replaced it is on the sea .Apartments in OLD TOWN this is right by the burj khalifa ,there cant be another burj khalifa.Palm Jumeirah there cant be another .