It really makes sense on commercial properties with acquisition price in excess of $500,000 and some to major rehab having been done.

@Brad WarshawFrom your other thread:"I bought a condo at the auction that has water damage and mold in excess of 15k to repair."

I bought a condo at the auction that has water damage and mold in excess of 15k to repair.

The receptacle in the 2nd floor hall bathroom is loose and needs to be properly secured to the junction box.

@Dane Kania that is not a good deal for an investor-it looses money.

Your total debt will be in excess of 500k..

Separate utility from excess & bling and stop trying to impress people that don't matter (like strangers on the freeway looking at your newly-leased $700/month Mercedes - foolish!). 

If its not log term, you may want to reconsider if its worth to buy......Once you are not hands on, all hell can break loose

Failure to follow the dispossession of security deposits in Georgia,  can open you up to being on the receiving end of a judgment in excess of the original deposit.You now know that "humanitarian consideration" is costly and isn't good business.  

They feel nice and sturdy when the old get kind of scratched and loose and cheap feeling.