Now its the reverse, their equity is so high, the rents cannot approach their value.

Quote from @Kyle Lam:  To be honest, there really is so many ways to estimate rehab costs from just doing a quick flooring, window, and paint remodel to doing the whole property fully gutted/remodel.

I personally like Cleveland over Akron because there is so much more volume, which makes it possible to build bigger teams, do more deals, and scale quicker. 

The facts you shared about 'most people' having $1K in their bank accounts is so sad but true..I look at my friends UberEats bills and then laugh when they say they are nervous about making rent that month. ;-)@Theresa Harris hello! 

There is so much nuance to these strategies.Another question popped up since my closing date is looking like it might get pushed back... what happens if the investor is not able to meet the material participation requirement by the end of the year? 

This was posted online. This is what people are selling now with all the FIRE hype. Yes lets take $50/mo over $1M right now....
What is unfortunate is many people are followers and will believe the below is true... D...

Now I am going back to read it multiple times as there is so much. 

Which is why it is so important to have a competent agent representing the sellers side and limit the risk in any way possible of that being able to happen in the first place.

Cleveland is so hit and miss... 

If the cracks are big enough to create a tripping hazard or the floor is so uneven it could cause someone to fall, then I would want that fixed.If it's safe, then I want to ensure it is functional.