All the mom and pop people just get a lot build two attached homes, live in one for a year and then sell them both, then go do it again. 

What Jonathan said: whenever Ohio is mentioned on here it triggers the Ohio agent’s word alert and 500 of them pop up praising Ohio and offering to help.

Just curious why this had popped up so often now.

I'm sure a bunch will pop up.

Unforeseen repairs can pop up much higher in cost than this incident. 

Surprise in this scenario means it pops up annually, rather than monthly/quarterly.

Wanted to pop up in and thank everyone for such a great discussion.

Sorry to hear this.I would always say that "There is nothing wrong with any property as long as the price is right".Granted, some are not salvageable and the deal doesn't make sense even if the seller paid to me to take it lolOver the past 10 years I have witnessed many investors trying to do the same thing as you.Purchase from afar without buying turnkey and trying to do it themselves.This has been popular especially the last few years.Not many succeed unfortunately or they don't succeed in my eyes as they are into deals for much more than what they should be.There is a big trend going on where folks are made to "feel involved" with the purchase, rehab and property management process.The properties look great and off-course they do as rehabs cost $40,000 - $50,000.It doesn't sound like a lot of money for folks from CA and NY but for our local standards it is and IMO kills the cashflow and is unnecessary overcapitalization.Each to their own I guess.Just had a call the other week with a fellow from CA that bought a few turd properties from a local scam artist and is flying to town to try and rehab them himself.Another fella I managed to save even tho he lost his deposit of $1,000 as the seller (Another known scam artist) made him commit to the deal without allowing an inspection or even a walkthrough...If that isn't a red flag then I don't know what is 🤷‍♂️Hat's off to you for flying into to town to see the property for yourself.Wishing you much success

I'll add another piece: with interest rates on the downswing, bank on refinancing and higher cashflow in the near future.This may well not be what a "more successful syndicator" would do, but it wasn't a more successful syndicator who asked the question, just an ordinary mom and pop investor who's looking to expand on what she's got.

The mom and pop landlord that I rented from (by my calculation and internet research) owned about 50 doors and had for a long time.