I disagreed based on my personal journeyI didn't have the money to invest in real estate, like buying a rental or even doing a fix and flip, my credit was horrible, and I could only saved $125 a monthSo I started wholesaling, and I was able to create a bunch of cash in 12 months and become great at finding deals.Then, I decided to start doing fix and flips, then rentals later on.I didn't come into the business to make quick cash.

But for fully virtual showings, every attempt has been a horrible failure.

Due to horrible, and I mean horrible property managers in the area (the one known as being the best admitted to me she recently had an employee steal over a million from landlords and she didn't think it was her fault), I decided to hire a family member full time to start managing properties for me. 

Price materials and labor cost will depend on how large of scope of work but a good company is going to be around 3500 a week plus cost of over head we also pay 30% tax on our income also like you guys but if you anticipate 4 week rehab well be ready for minimum of 14k in labor +14knis low end in my opinion... now I'm currently eating my lunch on a rehab from hell but it's gonna be a work of art from where it came from... this was the worst of the worst in my career water damage to all structural raised the roof on a horrible addition and did it correctly. 

15.3% Self-employment taxes is a lot.Scenario 1 - You do a cost segregation study in year 1 and create a huge loss to offset your other income, great for year 1.Horrible for years after 1 as you used up a majority of your depreciation and now your net income will be subject to 15.3%.If your depreciation is mostly used up and don't plan to have net income, your business is not profitable.Scenario 2 - No cost segregation study is done and your depreciation is calculated over 39 years(low depreciation rate, you will likely be paying some sort of net income subject to 15.3%.Maybe not in year 1 if you have a lot of furnishings installed.

There are many lenders out there that are horrible to work with. 

Detroit was both a great and a horrible example of re-development, but many minds go here first. often it's a much smaller market than an entire MSA.

Danny,If you have good credit that is a horrible rate for DSCR based on todays rates. 

Sounds horrible and always so frustrating when you just needed a service to be performed.I had the issue with the electrical inspection for the new pool panel in AZ.

That is a horrible example to use, it's like telling me south of 5th in Miami.