I am thrilled to have built twice the equity I originally anticipated!

I’m not thrilled about Canton but it was too good of a deal to overlook.

We are thrilled with how well the property is performing- the first 12 months grossed just shy of $50k and my carrying cost is about $20k per year.

(There are obviously exceptions to this statement, some people never get tired of the thrill of the deal and chase them forever.)  

Also, there will be a Connecticut Real Estate Meet-up on June 25 in Fairfield, CT (no cost to attend, and no pitches), and we would be thrilled for you to join us, if you're interested.Happy investing , and feel free to PM me if I can help.

A lot of investors (especially new ones) are going to focus on the "easy" projects -- basically the basic cosmetic stuff, also known as "paint and carpet" projects.Other investors (myself included) are always thrilled to find these easy rehabs, but are also perfectly willing to do the "ugly houses" as well, if the numbers make sense.Then there are the guys who actually prefer to focus on the ugly houses and don't like the easy stuff (they get nervous when deals seem to easy).So, investors are all over the board on this, and experience will play a big role...

I never get bored with it and I LOVE the thrill of the hunt - finding the right deal.My wife is a week away from being a licensed realtor and she will be instrumental in the sense that I will have constant access to the MLS and REO properties.

Just based on the responses in this thread, there are people who would be thrilled with much less than what you suggest and people who couldn't get by without much more than what you suggest.

By the time we closed the lawn was beautiful and our buyer was thrilled, but it took some time to grow in.

If all of us on here took our money 20 years ago and bought Amazon stock, we would be laughing at real estate investors as schmucks right now.Just my opinion, but I think many people get too wrapped up in the numbers and forget to enjoy the thrill of the hunt.