Quote from @Joe S.: I will probably buy the audio version. 

I then asked my PM to request 1-1.5 hours worth of labor from the tenant.

They require almost zero labor and don’t care if you breaker box is full or at it’s amperage limit.

Just keep thorough records of your expenses—materials, labor, permits, etc.

Kind of like Joe Gore.. not sure why he (Lance) thinks this is something anyone wants to read.However its apparent that Morris Knew what the situation was way back early in the transactions and still decided to keep selling this stuff.. that's the issue right there.. then moved to other markets and targeted the same asset class's 5 to 10k junkers sell to trusting buyers these homes even if they were not butchered on the rehab are simply not good investments that asset class as described by Morris is simply not accurate.. not sure why  or how he got those opinions.. but he did and look at whats happened..  

As everybody has noticed the increase in materials and labor has skyrocketed which has thrown a wrench into condominium reserve studies. 

You should be about 50k out of pocket—10k downpayment, 10k closing costs, and about 30k for materials and slight amount of labor (but you are doing most of it yourself). 

Rents could continue to fall, and the cost of labor rise dramatically.https://www.cnn.com/2024/11/19/economy/new-home-undocumented...

Quote from @Joe S.: Quote from @Stephen Morales: Quote from @Don Konipol: Quote from @Stephen Morales: I'm an agent, an investor and a wholesaler.

But athletes aren't known for being smarter than the average Joe.