My condensation of the prior discussions would be that you have to get out and look at as many houses as you can in the area, get as much data as you can, and develop a feel for values.There are multiple ways to fund rehabs.

Ca., nine plus months, Florida 4 to 5 on average for my friends down there.

IF home ownership exponentially increases your overhead, like it can in a primary market, you loose that cash investment opportunity for asset acquisition.

I try to stay as active as I can in here!

The best way to save money is to do as much as you can in putting your business plan and strategies on paper, study the requirements and boil it down to some questions that can guide you to a well formed entity.

Biggest downside to turnkey IMO would be the difficulty of buying a turnkey property with in-built equity.Many investors are always after some fat being left on the bone and this is hard when buying turnkey as the provider wants to make sufficient margins on the product for the services provided.Thanks and much success.

I would want much more fat in the deal at that price.If you can pick it up between $150,000 - $200,000, that would justify the risk IMOThere are opportunities in the Midwest where you can make $20,000 - $30,000 on wholesale deals in the $70,000 - $100,000 range.Thanks and have a great day.

He has 100+ units and plenty of cash, but says that he can't get anything over 4 units because the big players are willing to overpay to get as much as they can in the city.That may be part of the problem...

I have been using 10%, 14%, and 8% and didnd think they had THAT much fat in them.

I'm set to begin medical school and hopefully an army contract next year, so I figure a little supplemental income and building what I can in that time may be nice, but not necessarily necessary.