Not bad odds, in the grand scheme of things.

Sometimes, they can pull a piece of carpet from another area (eg closet) and patch it, but it can be hard to get an exact match as the colour will fade differently depending on where the carpet is.

Maybe even 50%, because my material expense is probably going to be that plus, right off the bat (the labor is actually rather cheap for such a job in the grand scheme of things).

In my case, I learned (just through public records, the information was readily available to anyone willing to dig for it) that the municipal and school funding of the area was about to DOUBLE due to the expiration of a tax scheme.

You need a sophisticated asset protection scheme. 

Under the Howey test, they look at whether theres a "common scheme or enterprise."

What does that mean in the scheme of things?

If you replace it, do not let the tenants have any say in what type or colour of carpet it is and BEFORE you get anyone in to measure or install, get it in writing that they will have the entire room emptied and make the house available at a pre-arranged time for the carpet installers.

You are going to want to get up to speed on the DC Tenant Opportunity to Purchase Act (TOPA) ... you will absolutely hate this scheme.

The speaker runs one of the Multi-Family Syndication/Education pyramid concepts  Perhaps it's just geared for investors with different interests than mine but would be nice if they catered to people who just wanted to buy real estate, not be taught they can acquire 100 unit buildings in a pay to play scheme.