He told me the nails holding it was loose, so he went throughout the house, re-nailed all the gutters.

Smaller local markets are harder to nail down accurate ARVs and find reliable trade labor.Regarding managing general contractors, I've heard some horror stories from our owners who have worked with GCs they've never met.

So stoked to hear when you nail your first deal!

Again, Avery nailed it.

They generally do not deliver un-assembled, as they are actually put together on a jig, and nailed together.

Make sure your photos show a really nice place that highlight the original mid century modern all polished up!

In my example of a $1m building, the taxpayer recognizes $1m of gain, much of that ordinary, and then maybe gets a $100k depreciation adjustment on the outside....so they are getting nailed with $900k of mostly ordinary income.

@Jeremy H.I think you hit the nail on the head here - the problem is 1) the deliberate marketing, plus 2) the genuinely well meaning content from 2016, when prices and interest rates were lower.  

:)”@Curt SmithYou hit the nail on the head.  

Hi Nail, I might be able to help you since I've been investing in the area for many years now so feel free to send me a direct message.