I'm ready to pounce when I see a property of this type come on the market, and will tackle management, remodeling, or moderate CapEx needs that are related to the properties being listed at these price points.

I would do lunch and skip dinner  U don't want any alcohol in the mix. 

@Erik PerottiMy projection is that the ibuyers will end up concentrating on houses needing little or moderate rehab, and pass on the more extensive renovations.The goal of the ibuyers is to disrupt the brokerage industry, not the fix n flip industry, although that could end up being a byproduct.Various platforms, disrupters, etc have tried to make real estate agency as obsolete as travel agents, so far with almost no success.The differences between consumer industries which have been successfully transferred to a platform basis, and residential real estate are profound.

A seriously misleading and discouraging post, should be removed by the site moderator except for the great responses it has elicited...

When it comes to financing I follow the old saying "everything in moderation".

-Until you have become a moderately successful Real Estate Mogul, I would recommend NOT buying out-of-state real estate sight unseen.

This post is going to be a little long, so moderators, please feel free to notify me if too long or to take it down if you so chose, but I feel that I have to share what finally got me to post on the forums.

If we're looking for any problems in the sector at-large, too many portfolios may be overleveraged compared to where they need to be to weather a moderate recession.

In addition, rents were moderate in comparison to other Boston neighborhoods and I knew many young professionals were seeking cheaper alternatives.

Also, J Scott says he likes the total guts even more than moderate rehabs because you are already expecting the worst and you won't have any surprises.