They work for a company who pays the rent because they are TDY, their credit is horrible, they are afraid of all the paperwork and big banks and would rather deal with a one page lease agreement and someone they "know", they plan on having kids and want to wait to find the "perfect" home, their parents always rented instead of bought, they manufacture or sell drugs and they move a lot, and/or they are just stupid.

While they don't have everything perfected quite yet I do feel that this tool is going to be very helpful in the future.

But now that I AM thinking about it - it makes perfect sense to think of $500,000 as "mid-six-figures".  

Yours is a perfect example of why it may be a good idea for an investor to get their real estate license.

Take a lot of money to do that well, which is perfectly fine if you have that allotted up front. 

Don't think you can just "call a couple PMs where you're thinking of investing" & they'll magically manage your investments perfectly.

You're definitely not going to have a 25-year streak of a perfect incoming pipeline of the right houses at the right price.

Its more like going to different restaurants and trying to order that perfect meal.

I know the information I received wasn't perfect, but the point is that I COULDN'T comprehend real estate lingo beforehand.  

Although the property I mentioned above is in a perfect location the numbers didn't work as the building has been neglected for so long now requires a complete overhaul.