Love it.Best advice I can tell you is to prospect prospect, you must lead generate, meet people tell them what you do, preferably face to face, but also on the phone, online etc, albeit I prefer and spent most of my time on face to face meeting and conversation.

There are a few ways you can handle the renovation which all comes to personal preference.

U have to understand the mind set of many people in these markets THEY PREFER to rent they dont want to own.. its not like someone on the Coasts in high priced markets where they have seen folk get wealthy just owning a few homes. and your not adding in Property tax and maintenance.. folks that are/were renters just dont have the same mind set when it comes to taking care of the property or the cash to do so.But until you try it and actually talk with those in the market there is no way of knowing that many of these folks simply prefer to be renters..

@David Lewis I prefer real estate over stocks due to taxes. 

I'd prefer 30 year fixed rate debt at 7% over this arrangement unless there is something that I am missing.

It is turn key, we have boots on the ground, we have a preferred team to work with in every area that we have inventory, and it is a flexible investment that you own and control.  

If you would prefer to do it on your own than that is fine too and you will just have to grind it out and save like crazy but it will be worth it.

And all the deals I do the exit on a fully rehabbed home that I fund and pay for the rehab etc for my clients. is basically 250 and under .. there is not an issue with affordability in much of the US the issue is buyers preferences.

Northern and central NJ are preferred as I am located in Bergen county.

I absolutely prefer renewals.