I lead a co-op with several other investors and we are looking for SFR investment property in the Dayton.I have been trying to identify good property management that can service these counties and provide more guidance on good buying locations now for a bit of time.

The OP was simply pointing out that REI may not be worth it to people who's time is worth more money (ie those with higher paying W2 jobs).

Now it could be that the OP is buying properties that have probate issues or some other title defects that are taking time but those should be conveyed to you very early in the process.My assumption is if these are small dollar deals.. ( and of course I have no way of knowing) they are just getting pushed to the bottom of the stack.

Prices are at a premium in the New Orleans area, although we are starting to see a bit of a market correction in Orleans Parish as prices are down for the first half of 2017 in OP. 

Great info on this thread, thank you to the OP and all the responses. 

To the OP by any chance is this from one of the FB gurus who tell their followers to do it this way and tell the owners one of their partners will be looking at the propertyAnd then the property owner has a parade of 'partners' show up various days and times to look at the place. 

@Nathan G. i was thinking the same thing as i read the OP post, George does the HOA say in their guidlines that you can not rent the house?

Emily Powell The OP was questioning the instant equity portion of the story.There is no way a TK company would provide instant equity to an OOS investor.

I don't think you can honestly apply a narrow range of commercial tenants to this OP situation.

In other words, he would say that the OP here is "losing" between 36-44K a year because he is not even making 10% on his equity.