ALSO, the phone call I just now made to a seller (which led me to come here and seek some advice), before I even asked the seller what his asking price was, he asked “Are you a wholesaler?”...

These are professionals and they know the laws and also if a tenant has an accusation of theft you can completely wash your hands of it as an eviction company handled the set out(Not you and 4 of your friends). 

For example let's say you are in a C-D neighborhood and someone damages your fence or if your washing machine needs repair. 

That would be a pretty big goof if they ran water supply lines for the laundry but neglected to put in any drain for them (this is an essential part of emptying the washer when its done with each wash cycle).

Hog wash. keep what you have and start looking for more good cash flowing properties in stable communities.

I run a student housing program in Washington, D.C. that sees me receiving anywhere from 50% - 100% more than normal market rents.  I have contracts in place with large universities and colleges along with a track rec...

Answer, it works for distressed properties, distressed owners, when an owner needs some money or steady income and would rather wash their hands of dealing with the property, like tired landlords.

Hello Everyone, my name is Michael Hart, and as the subject line states, I am currently investing in the Charlotte, NC; Wash.

I didn't understand if he was saying his mistake was running his numbers or if it was he wish he hadn't done so much DIY at the beginning.

I said he has a good income (he has a nice car) to imply that he has a lot of income but he is a spender so money is tight for him between apartments.Focus on the topic, not your own interpretation and pointing out the obvious things that no one is asking about...It is not the point of the thread, and no one said he is fin stable because of his car, the point was he is not flush with savings because he is a spender, so money is tight between apartments for him.Otherwise it's just a waste of time reading your response...because it's an answer to a question NOBODY asked.