Those are some amazing #’s in that short period of time.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $8,000

Cash invested: $20,000

In 2013, I decided to put much of what I had learned from books into action by purcha...

Our Private investors will fund the remaining 10% of the purchase price, the first portion of the rehab (to be drawn later from the HML), and the holding costs. 

Licensed contractors have more of their "shtuff" together and thus are better at their job and naturally will cost more.

I want to hire some of the people here next time I need rooms painted.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

This year’s most popular areas are known for being fast-growing cities with plenty of new development, with healthy job growth in Florida and Texas in particular.

I think a better option is to get a job in property management.

Your job is to make sure they are covering what they need to cover for the property. 

I've painted more walls, ceilings and trim work than I could ever count in my lifetime and *I* suck compared to professional painters, and most of my paint jobs could pass for lower-end professional jobs.