Don't go off the deep end and get into something that is way over the top in need of repair!  

So a bit of professional background about me:• Bachelors in finance, top of my class - I have deep understanding in debt, equities, cashflows, business operations etc• Worked for a year as an acquisition analyst at small fund that invests in multifamily deals.

We categorize the problems into two groups:Deal Killers (or Deep Discounts): These include complete system failures, such as needing a new well or septic system, which significantly impact the bottom line.Deal Modifiers (or Small Repairs): These are minor repairs like hydrojetting the drain field, installing a new riser, repairing baffles, or replacing pumps/tanks, which can leverage a lower offer.Step 3: Making the Final OfferWe make our final offer only after a full system evaluation with remedies.

Rather learn to swim in the shallow end vs dive in to the deep and drown.

We have carpet upstairs but are willing to have the tenant bring pets but I want to make sure that if we needed to deep clean or even rip out that carpet after their stay that we'd be covered.

They also are politically connected with unlimited deep pockets, they will try to stand in your way to claim these funds.

You dig a dry well do you know how deep you can dig into the water?

Thank you so much for the deep insights.I just completed my third trip checking out properties in Charleston and your comment definitely helped me out with house hunting.First of all, your comments in tandem to conversation within my network made me re-think of what exactly is my goal with real estate in Charleston?

The best cities I've done it in are actually the more expensive one's because there's more willing of a seller to let me buy deep(as they're likely owning the house mortgage free) and every fix I do makes more than a 1x on it simply cause of the neighborhood.

I agree, it's hard to compete against the deep-pocketed all inclusives so they might as well not try.