Won't be much cash flow for them to afford many plane tickets.

Numbers:Beds: 3Baths: 2Sqft: 1,424 (Will be 1600+ with finished sunroom)Type: Single FamilyYear built: 1955Cathedral ceilings, big 2 car garage in great shape to the rear.Asking: 79,900 (priced dropped 10k as of 10/20)Pictures available here http://www.zillow.com/homedetails/6105-Lockamy-Ln-Norfolk-VA-23502/79225876_zpid/#{scid=hdp-site-map-bubble-address}Repairs: 50k-55kSome big ticket items: Will need 50% new sheetrock plus insulation.

A couple of my favorites are:* Fandango- great for finding movie theatres, what is playing and even purchasing tickets* Trip it- automatically creates itineraries when you recieve email confirmations for plane tickets, hotels, etc.* Cam Scanner- uses your phone to scan paperwork for email* NPR News/BCC- my two favorite news apps* Pandora- radio* Bank/Brokerage Apps

You may be able to count on fairly consistent numbers similar to what was given, but you have to be prepared to have 0 or negative cash flow every now and again when a big ticket item happens like the tenant who not only needs to be evicted but destroys the apartment before he goes.

This gives the investor a "CD with a lottery ticket attached" and is very appealing for those that seek steady income and the opportunity for capital gain.

Investors want a CD with a lottery ticket attached to it.

I can’t think of many passive investments like this, sold to non-accredited retail investors, at large ticket amounts per transaction, that has no specific regulation aside from just standard consumer protection laws.

Rehab about $20K (plus an extra $130 for the speeding ticket I got driving to the house the first time) with an ARV of about $140K.2.

I think in many scenarios it is human nature to postpone big ticket items to maximize cash flow and when the property is sold - those big ticket issues are sold as well.So deferred maintenance is something I would look very closely at.Chris

Have some accounting of all the money from government numbers games - lottery, powerball, scratch tickets, etc.