Again, I understand that $65/sqft is inexpensive, but I'd be willing to wager construction costs are significantly less expensive in rural Texas as compared to LA.

If you don't have some minimum wagers working for you, you'll probably need to find some for RE projects like this.

In a country with a minimum wage rate of $2.50 people get pushed to the honest or dishonest side really quickly.  

But if I did, I would only wager what I could afford to lose. 

(I won't bet because I'm too darn cheap to actually wager).

I would wager that a high number of tenants stuck around and received the effective rent increase.

I will argue that this home will trade at $340,000 + by 2021.I also wouldn't mind making a friendly wager with you... however I am not sure if you or I will be still around on Bigger Pockets in 2021.John W.

I want to run it as an S Corp and am wondering if there is a way since I dont work in the business if I have to pay myself a wage? Realizing

I'd wager these are lower grade neighborhoods and maybe section 8.

I also fully understand there are different levels of investors , some buy full distressed , sometimes vacant or worst evictions required - they put in a few dollars , evict some and and make it cash flow positive - ,, good stuff ,, but not for me.I may loose some deals but I’d wager 90% of deals someone buys where the current owner owns it less 4 years is a loosing deal.