By installing our own, we remove the wear and tear and damage the tenants do by moving W/Ds in and out and hooking them up wrong (which is common) and using cheap components that cause leaks and destroy floors and walls.

Thats with my cheap subs and me paying them cash using a GC this would be a $70k rehab and negative equity. 

Based on my experience, you either pay some more but get a high-quality service, or you have really raw but cheap software.

If you do cover it I would cover it in sheet metal or something simple and cheap.

I've even heard of GCs using auction type settings for returned items at Home Depot and Lowes for steep discounts.I've learned a lot about the GC game as I was up close to over 40 projects last two years and some went well and some did not and when they did not it was all Contractor related.If a GC isn't sourcing cheap materials at the same time milking the hell out of his 150-200 per day workers, then you can find yourself eating into your margins real fast. 

With real estate prices soaring sky high in Austin and Dallas, investors started looking at Waco's cheap housing market as the new forefront in Texas for great real estate deals. 

You do not want to open the cheap $hit.Good luck

So the cheap homes in lower class areas that get the 2% rule will have the same cap ex issues and costs as the homes in higher appreciation areas that will need the same cap ex.

I spent a year in Fort Sill, and I don't think I could name one redeeming quality about Lawton other than houses are cheap.

Plus they look cheap!