Thank you all for sharing such wonderful resources and valuable information.

What we have learned is that most people avoid these properties entirely, which allows us to purchase them at a significant discount.

I had seen the article last week and it is very informative for a remote investor.

Purchase price is $210,000.

Purchase price: $120,000 Cash invested: $150,000 Dilapidated house.

Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000

Disclosure: Previous, current and future purchaser of Matt Scott's services.I have personally used Matt Scott and Incite Venture Capital to create my fixed income fund.

We purchased the land that we are bringing into the deal. 

A common misconception is that you have to put down 20% of the purchase price.

Would appreciate any updated information if you would be willing to add to your above post.Thanks again.