Then you’ll wipe out 4-5 years of cashflow and still have no appreciation. 

., desks and Wi-Fi for professionals, cribs and baby gates for families).Evaluate Your Own SpaceYour property’s layout, amenities, and location may naturally cater to a specific audience.A cozy 1-bedroom apartment downtown might be ideal for professionals or couples.A 3-bedroom house with a yard might appeal more to families.Proximity to nightlife might cater to party groups.Experiment and AdjustIf you're unsure, start broad and monitor who books your property.

good story.. there are so many examples of folks buying worthless land at tax sales.or bidding on seconds at foreclosure sales and thinking it was the first or wiped out the first..

In other words, the investors are nearly wiped out already.  

You're investing in RE for long-term wealth, not a few hundred a month that can be wiped out with one CapEx item.

From my own journey, the first few years were smooth, but I’ve also learned that it only takes one eviction to wipe everything.

Hvac 7500 I could have done it a bit cheaper(6500) I used a high efficiency unit.Plumbing 4500-5000Electrical is in flux but I think around 6-7.I put a WD and a dishwasher in this unit.Again please forgive the typos, I usually update with an IPhone whilst feeding the baby....

If you have any debts you can wipe out, that should help as well. 

A lady who works for my lender had a buyer walk the property before it was complete and made a full list offer.The payoff at closing will completely wipe out all of my debt that I’ve been holding for 16 months ($50k) and get me back to $0.

This is a significant down side to me as a long term investor as it basically wipes out your cash flow.