Or, if you pay 20k over list price on a property that is 50k underpriced, you still got a hell of a deal.

I was willing to pay a higher upfront cost and sacrifice a greater monthly cash flow to achieve these top two priorities.We landed on a SFR in Harvest, AL.

We are paying cash to him every week or so when he sends bill. 

Purchase price: $275,000 Cash invested: $294,000 Sale price: $355,000 Seller was behind on pay HOA payments and in risk for losing the property.

Now, this would obviously be negatively cash flowing since you would need to pay taxes and insurance.

Pay your attorney and your CPA for a customized advice. 

With regards to your example about plaster vs. drywall most insurance policies no longer will pay for the plaster whether you have a public adjuster or not. 

My experience in Massachusetts, where it took nearly a year to evict a non-paying tenant, has made me more selective about the locations I invest in.I am looking forward to learning and sharing insights with this community! 

It is a duplex near scranton PA. the Mortgage is about $2,400 and each tenant pays $1,550 monthly in rent so I make about $700 in cash flow monthly.

I am the type of person that is normally looking to save a money to increase my investing so the thought of paying someone to do my taxes when we could do them ourselves didn't make sense.