Although we absolutely must do our comps for ARV and handle the Subs with an iron hand and blah, blah, blah....but a lot of this game is pure dumb luck.

Also funding broadway play prodctions and other irons he had in the fire. 

.✅ Any home built before 1980, likely has cast iron or clay sewer lines which will deteriorate over time.These issues can be avoided.

It’s ironic that the state is essentially leaving landlords high and dry, while at the same time calling on them to step in and help solve the housing crisis.

We have expansive soils here (clay that expands when it gets wet) as well as some older cast iron lines and even some orangeburg so it's common to see sewer line issues (often just some tree roots that need to be cleaned then the line re-scoped).

Inspections may cost more upfront, but they can save you from significant headaches and unexpected expenses down the road.Negotiate Hard: Use inspection findings as leverage.If the HVAC is near the end of its life, negotiate a credit for its replacement.If the cast iron plumbing is deteriorating and needs replacement, ask for a credit as well.Sellers often prefer negotiating credits over doing the work themselves.To give you an example: I was once under contract for an old house priced at $170,000.

@Joel Owens  I find it ironic that we have the accredited investor rules for all the larger syndicators .. ( although risk profile of investing in rookie syndicator could be high as well :)  ).So the person with 50 to 75k of total savings would not be accepted unless they made 250k a year for the last 3 years and had a 1 mil net worth exclusive of their home..

The problem is there are so many glitches in their base system that still need to be ironed out. 

You need to iron your deficiencies to manage a great deal.

We would have to switch back to Iron Ore mining and more Coal energy, which both have significant EPA or political issues.