If you put in an offer at 85% of list price on every decent home on mls in your targeted area, you're going to get a house or two that should only need cosmetic rehab - which you could control the costs better.  

I have a house in my target area coming up for auction in Cleveland. 

Start by analyzing market trends and targeting neighborhoods with strong rental demand.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

@Joe Kim is on the right track with his #2, but off target.

•Target a property in the $800K–$1M range to maximize leverage while keeping costs manageable.2.Open a Second LLC:•Create a new LLC for this property acquisition to separate liabilities and maintain a clean structure.3.Assign Funds & Organize Finances:•Allocate funds to property improvements, marketing for new deals, and reserves for emergencies.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Regarding common equity, one advantage of this investment mode is that it targets more upside growth and a higher MOIC.

@Reeves Bennett, Your property sounds fantastic, and the key is targeting the right buyer while showcasing its value.

Specifically, I'm trying to understand where the most outstanding vouchers are being distributed so I can target the right areas.