Even if an area is a A to B those older buildings are not going for D area prices per door. 7 to 8 years ago you might land a B area close to that but those days are gone as it's a big sellers market now.   

The terms "soft pull" and "hard pull" do not appear on credit reports, but the type of inquiry does.The following is directed at the lurkers and BP community at large more than you specifically, Sam, and I'm sure it'll be unpopular with some, but it's the truth:I have never seen someone with bad credit due to credit inquiries, but I  have encountered MANY people who CLAIM that the reason for their bruised credit was credit inquiries... these same people of course always have excuses for why the Ford Mustang that was repossessed, and five credit card lates, and the eviction, and so on, were all always "really" someone else's fault, and then pivot back to the guy at Comcast running their credit "without authorization" as being the "real" reason they have a 485 FICO score (ya I'm sure the repo and eviction and lates had NOTHING to do with it...)."

Hi @Nigel Ford! 

Whether the roof/improvements/appliance can be expensed/capitalized(or eligible for de minimis exception) depends on several factors.

@Bart Ford I think it is a red flag.  

Thanks to Apple and Ford we are turning stocks into real estate.  

When well planned, opportunities are possible.I am reminded of the great entrepreneurs, such as Carnegie, Ford, Morgan, Rockefeller, Kroc, Eastman, Jobs, and Walton.

His deals aren't about volume , they are about maximum profit.He has been instrumental in my growth as an investor by:1) Developing skills in a profitable niche2) Adopting the discipline & approach to do fewer deals3) Cherry pick deals with considerable margins.The choice of selling Ford Fiesta's or Bentley's.And please don't interpret that as only dealing with multi-million dollar properties.

Kind of reminds me of Ford back in the 1920's - Henry Ford once stated "You can have any color you want a long as it's black".

Any niche depends on your market, learn the market, understand what can be done, then learn to adapt strategies that solve the problem.All real estate sales is about solving a problem, it might be the turning of inventory of a 5 billion dollar portfolio for liquidity or it could be selling some little old ladies home with her moving to a nursing home.Most all the investor residential deals will be about solving some problem, real estate is a very social business, it's not like Ford moving units off an assembly line out to dealers, it's an in your face, personal problem solving transaction every time, an individual seller always has a goal and a problem getting there.