Quote from @Caleb Brown: As an agent I'd never wholesale a property off the MLS.

We are lucky in Dallas, Steve Brown has probably been reporting for 30 years and is excellent on real estate. 

I had the same pre-conceptions about Cleveland especially since I grew up in Ohio and went to a lot of Browns games as a kid.  

Hi @Jivon Brown - I am in total agreement with @Paul De Luca & @Brie Schmidt and from a real estate agent and investor perspective, the deals are out there and there are ample stories of successful real estate deals that cashflow and are worth investing in. 

@Matthew Brown To do a cost seg. or not depends on a few factors (that don't include impact on property taxes) including, but not limited to:What you are hoping to get out of it (e.g. offset other income in the portfolio, get a big refund to put down on another property)How long do you plan to hold the property (depreciation recapture of 25% might make this less worthwhile if you sell the property in 2 years)Did you already place the property in service and start depreciating it for 27.5 years (LTR) or 39 years (STR).

Quote from @Trent Brown: Enjoy the property:Live in the property and use the amenities according to the lease agreement.Decorate the property within reasonable limits, as long as it doesn't damage the walls or cause permanent changes.Have guests over, as long as it doesn't violate noise ordinances or disturb other tenants.Keep pets, if allowed by the lease agreement.Maintain the property:Keep the property clean and sanitary.Make minor repairs, like replacing light bulbs or fixing leaky faucets.Report any major repairs to the landlord promptly.Other rights:Receive a copy of the lease agreement before signing.Ask for clarification on any terms of the lease they don't understand.Pay rent on time, according to the lease agreement.Withhold rent if the landlord fails to make necessary repairs.Terminate the lease early, if allowed by the lease agreement or if the landlord breaches the agreement.Things Tenants Can't Do:Damage the property:Make any major alterations or renovations to the property without the landlord's permission.Paint the walls without the landlord's permission.Install permanent fixtures or appliances without the landlord's permission.Engage in any activities that could damage the property, such as throwing loud parties or using illegal substances.Violate the lease agreement:Use the property for commercial purposes without the landlord's permission.Sublet the property without the landlord's permission.Have more occupants than allowed by the lease agreement.Keep pets that are not allowed by the lease agreement.Cause disturbances that bother other tenants.Other restrictions:Smoke inside the property, if prohibited by the lease agreement.Park in unauthorized areas.Use the property for illegal activities. 

@Brian Brown He was asking about a POF, supposedly for a cash deal....as we know, hard money and private lenders provide loans....he’d need to offer as financed. 

Originally posted by @Kevin Brown: I have never been to a seminar, and that's mostly because I try to focus very closely on what I do specifically in my business.

However, we recently purchased one in South Milwaukee at 105k and one in Brown Deer at 150k, both being rented at 1995/mo so we'll see how these ones go. 

@Alan Brown thanks very much for reply!