Tenant smoked in the bathroom with the fan on and thought the residue would magically all be removed.

I don't have any magic locations to place money for high returns.

(Cause that's one hell of a magic trick....)You'd effectively have to find a property with an appraised value of 125% over the foreclosure amount and then you'd start paying a 30 yr mortgage with no equity, but outside the loan, closing costs, etc. you didn't actually pay for the property?

so I ended up selling my 2nd property to another investor and hit my goal for a target profit, however, I forgot the magic phrase NET to seller in the contract.

There is not some magic neighborhood in Detroit where there are amazing $600 tenants happily living in $1,200 houses that we can just assume will never have vacancy.

@Paul Gilo, just because the appraisal magically comes in at the purchase price, STILL doesn't mean it's a "deal".

When it comes down to the magic number for people planning for financially independent, it seems that they will work backward down to cash flow vehicle to get there.

Magical number, or you have an eye on a specific deal?

@Megan Shebeck Jeff is right, there is no magic bullet that gets you leads.  

there is no magic to this.turnkey homes are rental homes.. turn key investors run into all the same issues any other landlord runs into..