To hit $1mm net equity in 5 years you have to approach from mainly an appreciation approach.  

Your main concern should be whether these bedrooms and bathrooms on the lower level are legal and have the proper egress require for fire code and livability.

I am experiencing similar issues with time of year being the main culprit.

Hi Paul,The main risk with buying a wholesale property is that they're usually sold as-is with no contingencies.

I worked for a property management company that requires all potential tenants to check into the main office prior to showing as a means to provide a safe showing for the employees.

This deal is mainly operated as a business so I think that makes the most sense.

Now we're seeing investors pouring money into buying Class C rentals - but, many are getting burned.In our experience & opinion, the main determinant of property Class is not location or even property condition, those are #2 and #3.

Having a main water source available is pretty important and not having it could affect your reviews.

Martin the property management argument isn't really an argument if you look at the bigger picture that most investors don't want to manage their properties anyways because they are spending most of the time on their main job.

In fact, the model isn’t designed to bail out distressed owners—it’s meant to provide liquidity to stable, cash-flowing properties where the owner doesn’t want to take on debt or sell outright.For a successful property owner, the main advantage is flexibility.