So to play in MFH in same market of opportunity means paying nose-bleed prices against other buyer's with no concept of cap-x, and having to compete against brand-spankin-new builds looking all shinny and with there assorted amenities like Top-Golf arena, pool, dog washing station etc.. 

While yes, you absolutely have to get those tenants gone before you take possession, you cannot , as some have suggested, just “lay down the law” like a hard-nose.

He is probably in a factory right now, working 3rd shift, dust and grease up his nose, let’s write a book with much reality, and give this guy a chanceThe game is not about Real Estate!  

Period.Anyone can find and fix and even sell you a house these days.Not many can manage them well and honestly.So for all of you worrying about me or any other leader in the turnkey industry getting hit by a bus.It doesn't really matter if we do as long as there is a solid property management team in place with professional staff that can continue looking after your investments.The biggest and best turnkey companies in the country (We are still a tiny fish and no where near as sophisticated as some) have full blown departments with leadership roles and detailed processes, systems and manuals that probably work better when the founders and owners don't even get involved.This is something that we are striving for also.So for the time being, you will still see me poking my Dingo nose in everyone's business.I'll leave you with this:Have no fear, because my team is here.

(I personally hate loans but am planning to cash out refi some of my holdings if the market continues to nose dive and we have a chance of seeing crazy recession level deals again!)

Good judgment is knowing when to pull out of a nose dive not just roll with it....and say "if I crash I crash"....Good luck either way 

Most tenants resent landlords, don't rub their nose in it.

So long as people continue to let their homes fall into horrible disrepair, there will be a market for somebody to hold their nose, take it off their hands, fix it up and flip it.Also, don't forget, NYC, SF and Seattle aren't the only games in town.

The numbers on that property were actually quite good, the building was the sort that I would be very interested in, but the neighborhood was going down instead of up in terms of residents - I guess your nose for that stuff is pretty good too!

Today is my first day on BP, so just nosing around.