So it wont be a popular opinion but maybe don't invest in real estate just yet.

It can be an intimidating thing to do when you are just starting out and asking foundational questions.Second, please keep in mind that what I’m going to share is my opinion and others may disagree.

I know you said you're not an agent but just curious on what your opinion would be!

@Drew Sygit The verbiage in our management agreement is as follows: make, contract, and/or supervise repairs, alterations, and/or decorations to Property; to purchase supplies and pay billstherefore; Broker agrees to secure the prior approval of Owner for all expenditures estimated to be in excess of $500.00 forany one item, except monthly or recurring operating expenses and/or emergency repairs in excess of the maximum, if inthe opinion of the Broker such repairs are necessary to protect the property from damage or to maintain services to thetenants as called for in their leases; in the event that Owner is unreachable after multiple contact attempts for more thanforty-eight (48) hours to approve a repair in excess of the above amount, Broker shall be considered authorized to makesuch repair.I've been contacted about high ticket items in the past but these "make readys" are done without approval. 

I'd be curious to get your opinion or anybody else on the post.  

Thanks Rod for your opinion.

But there are alternative exits that still profit a decent amount, in my opinion anyways.So, this is what you would call a high risk strategy? 

I am guessing that the vast majority of homes 10+ years old had some sort of water damage at some point, most had probably several.My own home is only a few years old and we had the washer spring a leak and a few years later the RO system in the kitchen started leaking into the cabinet.Seller disclosures are pretty useless in my opinion.

Sometimes a simple denial causes more questions in my opinion. 

Nashville, Dallas and the south are being the hardest right now because of the new construction, but in my opinion, these could be some of the best opportunities for investing in the coming years.