Shocked a mentor would lead you to believe no capex for years and 0% vacancy if you've run the numbers like you describe - unrealistic.

@Martin Vilarino no, that's not usually the case.It's possible that in highly desirable areas like the East Side or in Newport, it might be possible, I've never been a tenant in those areas.But usually if an agent helps fill an apartment in RI, it's the owner - not the tenant - who pays.A long time ago I lived in NYC and remember being shocked that the rental agent was charging the tenant, but then I realized I was in one of the hottest rental markets in the world and that a lot of folks considered it a privilege to live in Manhattan, so I understood at that point.But as far as I know that's definitely not the case in RI.

This is not the market value of the property but what it would cost to build it.This is what causes sticker shock when buying discounted properties.

And I’m still shocked that i didn’t pass.

You’d be shocked by how little actual screening many PMC’s do!

I buy in the city center, in a pleasant area for >1% r/v and <1000 dollars per square meter.

When I was reading it, I was shocked how much applied to "seller financing" that I had never heard of before. 

You might be shocked when they come back to you anyway... because the convenience of dealing with you as someone they now trust is 'better' to them than getting top dollar for their house.Situational Motivation Are your mortgage payments current?

You’d be shocked by how little actual screening many PMC’s do!

The refinance came to 166k which was shocking for me on how an ARV can drop from 250k to 166k.