Obviously they won't get the kind of appreciation of lets say a single family home over time.

I've got to say as a contractor nothing bothers me more than having someone on my heals talking and watching my every move.

When I say a lot of money I mean a lot of money to me because I had to take away from some thing to start my investment career.

I am currently interested in Buy and Hold investing and would like to do this by buying distressed properties, rehabbing and renting.I understand in a fix and flip type of situation (ideally) I would be buying a home for say 50% or ARV, putting in X and hopefully making, say a 30-40K profit (in the market im looking at right now)My question is, say I buy a home that is in bad condition for 30K, put 20K in to the property which is now worth 90K retail.

Would y'all consider buying say a 140,000 condo, holding it for a year to season it.

Hey @Matt Turbitt  I posted another comment that my agent is NOT a HUD broker, and she neglected to say as much.  

(Remember Ray, this was the path I took, you might find a better/cheaper way) So here are actual numbers based off of a HML:ARV (After repair value) Lets say a lender allows up to 85% of the purchase price.

As far as the strategies that go into this I'd be curious to see what more experienced investors have to say as well.

If syndicating is not ideal for the first deal what other options are available to buy, lets say, a million dollar property?

Say, a 200-units property produces $8K/year because it is half empty and the other half does not pay much.