Sure enough the rehab ran over budget (we had a large contingency that was used up -- some due to contractor malfeasance, some due to pulling the trigger on big repairs like a new roof) and the revenues were right around expectations, maybe slightly below.  

If something has only a 1 in 2 chance of occurring but returns 10x if it occurs, that is typically a good investment.My last purchase (not the one I am currently under contract but last purchase) was large negative cash flow at aquisition.  

Like you a purchased my primary residence in 2017 as an estate sale and landed an amazing deal which still holds a large amount of equity.

Quote from @Jokari Trueheart: HI, almost 11 months ago I purchased 3 duplexes and I borrowed the funds from my personal residence which I took out a equity agreement for the down payment on the investment property, great idea at the time because I have 10 years to pay it off and theres no payment requirement, but , I learned more about the consequence that it takes a large chunk of my equity the longer I take to pay it back, so my goal was to refi cash out the investment property to pay it back but I don't think theres enough equity yet to pull the full $106k needed, I only borrowed $88k but with the equity percentage for one year i'm paying about $18k in equity on top of the amount I borrowed if I pay it off in year one, so I need this paid off ASAP before it increases more.

Do you have any recommendations for markets to start exploring that could still be profitable given we don't have a large down payment?

We meet every month, and are in constant contact with these individuals, in business relationships going a lot deeper than that.The second way is to contact a large group of people with the understanding that only a few will result in “deals”.  

This is largely due to the fixed nature of ongoing maintenance costs, which become proportionally more impactful as the park size decreases, thereby inflating the expense ratio.

I sunk a large amount of capitol into these when I purchased them just to make sure they were nice. 

These are largely in the suburbs and some markets within the city.

However, there are instances where it may be beneficial to perform additional cost segregation studies.You could perform a second cost segregation study after you’ve made large improvements to the property.