Why on Earth would you want to throw all those advantages away to chase short term paper cash faux in a high CAP rate market that you are not familiar with, which is thousands of miles away, and where you would need to depend on the kindness of strangers to manage the properties with your best interests at heart and make or break your investment?!?

It’s all risk vs return, the $250k/house suburbs are super easy to rent but are a complete non-started and the $10k houses make money on paper like you are starring in Breaking Bad (but the actual returns are horrible). 

We've bought so much of our FFE (furniture, fixtures and equipment -for those wondering) at auctions where an owner threw in the towel after a year or so.

Bonus question: In general, when a home is damaged by tenant negligence or a simple accident (ie towel bar is accidentally ripped out leaving a hole in dry wall) , who is ultimately responsible for paying to fix that repair?

And I love walking up to a physical object that I just bought to make me money (compared to other investments that are just numbers on a screen or sheet of paper)!

I just do on the spot paper applications at this point but I have a record of who toured first and who contacted me in what order (in this case, the same family.)

I'm looking at purchasing a condo from a turnkey company in Indianapolis and it looks good on paper but wanted to check with you folks.Here are the numbers:Price: $65kRent: $1075 (2bd 1.5 bath)Expenses (PITI, PM, HOA): 697.8310% Vacancy, 5% Repairs, 0% CapEx (turnkey comes fully reno'd): 161.25Cashflow $215, ROI 16%Looking at the MLS, the condo complex has a dozen other properties currently listed for sale and they've all been on the market for some time now.

I contract out most of my work, however, I do the finish work that involves painting, cleanup, changing out a few fixtures, installing towel rods, and minor things I do not want to pay my contractor an hourly rate to do. 

Sf is 800 on paper, but really 1040 when you add the illegal addition that was put on the backside.

Anthony Smith in my town if the city has papers on window you can get ahold of the city nuisance officer and get info from that person.