Over time, unless they are true lemons, you should be able to stabilize the properties, raise rents and start cashing in.  

@Zach Chandler if you are going the self-manage route, which I highly recommend because it’s simple, as @Gerald Pitts mentions, use the Short Term Shop’s ‘Enemy Method’.

You'll usually find a table full of gray haired guys talking shop with him. 

This person was in a position to know, but that does not automatically mean that it is true.

Let me know this is a scam sounds to good to be true and thanks in advance!

In midwest markets where I shop, my average purchase price including rehab is lower than that.

Send me a DM, would love to talk shop

But  I will play along.PML if its true PML  not HML calling themselves PML is very much relationship based.So I just took on a  new client in the mid west...

Matt, do you know if this is true for other states?

Those numbers are always great in theory, but people fail to understand what it is like in practiceWhen you are competing with 50 other units in your block for rent, can't rent the property to qualified individuals, and are dealing with constant maintenance/property/tenants issues, you realize that the returns are too good to be true.