I've always been skeptical but a deal came to me that seemed perfect for this scenario.Here's the deal:I've been advertising in Tooele Utah (my home town) that I buy homes looking to pick up some rentals.  

This would make a perfect partnership while leveraging your risk, time, and personal capital. 

With our 32 she was at 104, which is perfect for a single full time person. 

A whole different thread we've perfect lazy investing.  

Everything I have read has said HUSTLE every day; send out flyers, talk to agents, look through craigslist, and in a huge market such as Atlanta or Denver or Chicago, this makes perfect sense: there are TONS of properties out there and every day you should be able to find at least something to run the numbers on.

While nothing is perfect, our models have undergone 34 years of improvement and refinement, so we’re pretty confident that they’re reliable.So yes, Excel is the essential ingredient, but I would submit that there is indeed a difference between a basic Excel spreadsheet and an Excel-based program like ours.

If the property tax is too high for a person's particular purpose then they just don't buy it.By less than perfect analogy, I bought some properties where it was customary that the landlord paid Water, Trash and Sewer.

They are perfect for wholesaling and are not state specific so they can be used anywhere.

203k is appealing and can make magic happen, but in hot markets (LA in the summer...) the house and the situation of the seller really needs to be a perfect match.In general you don't go find a house to 203k, you go look for any old house, coincidentally find a house that happens to coincidentally be a perfect fit for 203k, and then you start talking about 203k stuff.Typical characteristics:Too crummy for cosmetic flipper types to want.Seller more motivated by sales price than by closing quickly. 

It's not realistic to expect all loans to perform perfectly over time and never have an issue.