- a study on rent cost compared to ownership cost shows that virtually every large city market it is initially cheaper to rent than own (I believe is was cheaper to went in 97 of the largest 100 markets)Miami and Florida have extra concerns:- insurance difficulties have resulted in large increase in insurance costs.  

Shouldn't be any extra taxes involved.

From one real estate investor to another.Today We’re Talkin:- The Weekly 3 - News, Data and Education.- Project Update: North Nashville Duplex- Why Should the Fed Cut Rates at All?

Not much good stuff on the market right now that can cash flow without work and on the MLS the prices don't allow for some extra reno. 

To get access to Eric’s team you’ll be have to pay extra for a program called do-it-with you or do-it-for-you.

I would rent out an extra room, basement and yep, deal with a part time roommate.

What I see a lot of people do is overthink it and then either stop in their tracks, or wait for years to get started due to the overwhelming data that they get on what they want to do.

I also agree that RE appreciation is unlikely to match the last dozen years, but you never know.Where I am unsure we agree is that paying $450k to improve the cash flow ~$3k (your numbers but I expect my delta wold be similar meaning both my cash flow estimates would be worse than yours but both would be worse by the same amount not affecting the difference) makes sense especially if the cost of having the extra $450k is only 6% rate which is historically simple to beat via numerous investment options and hopefully no one is investing in RE for an expected of 6%.  

They get extra sun and produce a lot more limbs and thus knots, lowering the value. 

Purchase price: $82,077 Cash invested: $50,000 Sale price: $275,000 Fix & Flip mobile home with extra lot.