WIll need to be a reference point for the thread as there are frequent Arbitrage questions

However, the tenant calls very frequently in regard to non emergency issues ex : Can I cut the front bush, it’s ugly or what should I use to mop the floors.

Thank you for your response I just think me like many people just feel skeptical because they are so many people trying to up sell us on some "guru" type programs for a lot of money.

I'm based in Bucks County, PA, but I frequently visit Ocean County, NJ, and Southwest Florida.

He does have a couple half siblings, but they are in another country and not in frequent contact with his parents, so from their perspective all they would see is that the parents are living in an investment property that we own, and they are paying rent.  

You probably recoup the 5k in ARV, but Old North Milwaukee is an economically challenge neighborhood, so manage your expectations.Avoiding frequent turnover, tenants who don't pay, damage property or cause other issues is the name of the game to achive long term profitability.

It is a great tax benefit and, as any great benefit, it is frequently abused.

Hi Julia - I'm a tax lien and deed investor in the Austin area and frequently attend the Bexar, Williamson, and Travis County auctions. 

@Luke Bricca Yesss...my heart is really in renovating and giving houses a new life (did that with my own house pretty much) but alas I live in the Bay Area so there is nothing I can afford here....or anywhere nearby really... plus a small kid (so travel is hard), so hard to travel frequently and supervise a contractor, etc. 

Lower end tenants mean more headache:More frequent turn overHeavier turn costs/higher wear and tearSlow paymentsLonger vacancy between both the turn over time and finding another qualified tenantBeyond these factors, as others noted, a full unit renovation will cost about 15-20k if you want to do it pretty nice.