It was originally a 3/2 and had 3 additional bathrooms added.

While some leases say they will remove all evidence the sign was there and restore to original condition, I doubt that happens in bankruptcy for example. 

Originally posted by @Chris K.

I'm assuming there's lots of stuff out there that's way cheaper.I originally wanted to just buy a couple lists of 10k numbers each of targeted motivated sellers, and then hand them off to a VA company that will dial them, but I was told it'll be a much better business if I get proficient myself and then hire my own VA's and train them.

It sounds like there's a bit of a vacuum in reliable local property managers.I was originally thinking of setting up a property management company to take care of the properties that my partner and I purchase.

I'm originally from San Francisco and started off in 2021 doing the same thing but in Ohio. 

We currently target deals that fall through and then make a no-contingency cash offer to hold their original closing date.

Cap-ex was needed for:* Original 1960s kitchen, appliances out of order* Original 1960s Pepto Bismol colored tiles in the bathroom* Tobacco and marijuana stains/odor in every room* Stained carpet covering damaged hardwood* Broken side door from forced entry by police* Zero recessed lighting with 3 layers of blinds on every window* Lots of trash in the basement both on the floor and mounted to the joists overheadCheck out the Zillow listing at: https://www.zillow.com/homes/119-Jasper-Pl-Alexandria,-VA-22...What made you interested in investing in this type of deal?

Because I sent them an e-mail and they sent me the link in the original post (https://www.cmha.net/housing/landlords/rent.php) that shows that amount.

This venture was originally expected to have a 10 year horizon, with the goal to maximize IRR in that period.