Keep in mind that many of these cheap homes are selling for less than a third of their insurance replacement value, which really means that the land has negative value - let that sink in.Most buyers who can actually qualify for a mortgage will get a PA for $200-300k and desperately want to upgrade their life.

If you are doing direct replacement, like replacing a sink, shower, and the stacks and pipes are staying, you probably do not.

Looking to tap into it without doing a cash out refi to replace the existing rates with current rates.

1. coaching- all of the "coaches" were newbies themselves with about 1 year of experience and about 1 deal under their belts and they always disappear after 2-3 months and get replaced with new "coaches".2. networking- they have a FB group, populated primarily by other newbies. go there to answer questions, and it's likely you'll get other newbies saying "good question". there are lots of newbies hoping to get into a deal, but who wants to put together a team where every single person is brand new with no experience?

For some reason real estate is viewed as an income supplement and eventually income replacement by most who become interested in investing.

If they come and say that your front patio is cracked and needs replaced and that costs $3k.

They replaced the locks, shoveled the driveway, took photos, and are listing it today.

This isn't merely about replacing your current income—it's about creating an income stream that sustains your lifestyle indefinitely.

Turn the rental around and find a replacement tenant quickly.

So those fixed costs, like calling a plumber or replacing a fridge, are going to cost more, as a percentage of your rent, to handle.