Geez man Don’t just shrug it off as a bad deal .im all for buying cheap and getting a great deal , however  There’s many factors besides just the purchase price and in the grand scheme is 3 grand really going to ruin it ?

The answer you're looking for is going to be it depends on a number of factors: in the White L? 

how do you do a full gut reno on a high end home an dpay 2 mil and exit at 2.7.. not sure that is a great paydayonce you factor in the full gut reno and holding costs and tax's and sales cost etc.. run your numbers. not saying you cant make decent money but 400k seems a stretch

A few other factors: I believe the rents are below market value.

The expansion of Mercedes Benz factor outside of Birmingham, the Mazda factory outside of Huntsville---these are all blue collar jobs.

@Ryan L. appreciation and cash flow tend to exist on opposite ends of a spectrum and your investment strategy should move along a sliding scale between the two based on a variety of factors.

I'm not sure what other life factors and preferences come into play there but here's my personal situation: I'm 29, single, without children, and work full time in my investing business.

One of the most concerning factors is the question of how you can protect yourself from lawsuits stemming from properties you may never step foot on. 

Also factor in the prevailing interest rates over the same time frame.Predicting a crash is never easy.

With the full service management I would make less than a straight rental once I factored in the untilies.