Often times, investors tweak the #s to make the deal barely function (on paper) and do not leave any margin of error. 

Why would this guy not just do the bare minimum amount of repairs to get the city off his back?

but bare with me).

There are current ones on the market that would barely cashflow in C neighborhoods if you're ok with that with 3 of 4 units occupied at full market rents.

I suppose at some point all these investors who are barely covering P&I will have to sell, unfortunately there's a line of like-minded people willing to buy them at ridiculous prices.

. :-)All the realtors I used in the past were high school educated and people who were barely surviving in the industry.

The only non-paint issue I have come across is that there can be no bare soil next to the house.

I just took 300,000 lbs of crap of off a lot in lake Oswego Oregon the wealthiest city in the state of Oregon.. land under the crap 100 X 125k lot bare is worth 600k.. like Austin prices.. homes going up will be north of 800k each.. 2 of them. so yes happens every where.

You are pissing off your neighbors and you give those of us that do more than the bare minimum a bad name.

If you add CapEx and property mgmt, it barely cash flows.