I would get a bridge loan to acquire the property if it needs to be rehabbed and/or closed quickly.

I don't think I could justify custom cabinets for a $1500 rental. 

My investors acquire with cash as a routine investment strategy to secure properties quickly and eliminate competing buyers using financing.

I would have to get with the property manager and mimic the exact plans they have set up in the lease, all of which were probably customized by the PM to get a few extra dollars.  

You can get in while prices are still relatively low and watch as it grows quickly over the next few years. 

On the flip side, traditional financing typically offers better rates and longer terms but can take longer to close, and you’ll likely need stronger financials.If you’re trying to balance speed with cost-efficiency, it’s worth considering your project’s needs and how quickly you need to get funding.

I just did a quick search of the area and there appears to be an ample supply of properties with an average rent of approximately $1.10/SF.

People were so quick to say he was way off base.   

If you invest in RE, whether active or passive(management team, syndications, crowdfunding), I'd love the chance to quickly explain the structure and hear your thoughts on what might need to be improved.

A prudent investor doesn't seek quick riches through shortcuts.