I pretty much have 4 bedrooms in my house, and initially it was just me.

After the initial year, we would need to refinance it into a commercial mortgage (we own our properties through an LLC).  

Plus, there would likely be the expectation that you initialed all changes.

I agree with Aaron, that the group struggles because few people have taken the initiative to improve it.

Finally, that is a significant amount of initial investment of approximately 70k to get into your property with low cash flow.

Having always loved looking at open houses as a kid, and currently always chasing the best deals around multiple supermarkets on any given day, I am looking forward to the challenges, lifestyle, and possibilities of real estate investing.I plan on doing some wholesaling deals initially to get experience making deals.  

Been reading and listening for about a week now trying to gain as much education as I can to make an initial investment.  

The City of Cleveland has a similar program called the Vacant Property Initiative.

But, this post for me is my initiative for my change and success in the industry.

They even submitted a contract to close, but did not want to sign the initial contract I had on the property as the wholesaler.