They showed me current examples of their work and a laundry list of happy customers.

Its a wash.

Fortunately, the newbie landlords have been washed out of the market in large numbers and those people that got gimmick loans are rapidly becoming renters again.

There were a lot of California investors in my area during the past few years, but my impression is that they've been mostly washed out of the market at this point.What am I suppost to do?

He collects the rent, does the deposits into my account, moves people in and out, cleans the halls, collects the laundry funds, deals with complaints, problems, or whatever arises.

we washed the floor with concrete cleaner and that was it.

So flipping properties is an easy way to make huge winfall profits with little to know work..... yeah, I love those shows, but they are tv and are edited for entertainment purpouses. they dont always show all the details.... but with those types of flip you are actually doing something, even if just mowing. even with the eBay people who do similar things with stuff they get at estate sales (my mil does this with fabric), they are doing something with it, even if just makeing it look pretier (wash it) and make it avalible to a wider audience.

One of the best ROI deals I ever did was add a 1/2 bath in the house that had a 8' X 10' laundry room accessible through the master bath.The only thing I did besides paint the existing bath white was add the following;Toilet- $5.00-yard salePedastal sink $20.00-discontinued at HDMirror $FREE (my favorite price) from the RealtorTowel bars etc $3.50-yard saleVarious PVC pipe, a toilet flange and PVC cement $25.00 or so, I already had a lot of it and there was some in the shed at the house when I bought.Permits N/A Satisfaction of earning $17,500 for a few day's work PRICELESSall cash

Wash, rinse, repeat.

So if I owned a place in Vail I'd have to fly up every Saturday morning, wash the linens, clean the place, do any minor maintenance, greet the incoming tenants and fly home that night.