Once you have a good team on the ground, the actual process of buying a property is relatively easy. 

From what I can tell so far, the house could burn to the ground and the fireplace would remain standing in the ashes.

They are saying based on comparable sales (which there aren't many in this location) it is worth $425k - based on gross rent multiplier is it worth $528k.

Anyway, if any of you are playing in this space, reach out and let's compare some notes.

., B to B+ area4/2/2 built 19731400sq ft149kest: 40k rehab ARV $249krents in area on 3's going for $1800-2250, no 4 beds under 2500sq ft in area to compare rent ratesI asked the agent if it was sinkhole home, because numbers sound like one.. but claims not, states the home is currently owned and lived in by investor, investor bought home in 2001 for 90k at auction, has lived in it since and never put any money into the home except kitchen with new appliances.

A comparable SFR in the same area would cost more than 2 times what I paid for the townhouse and I would have higher expenses, taxes and insurance. 

I didn't start with wholesaling though, and there are many people who want to start but never make it off the ground.

ROI is much more useful as a barometer for comparing your investment to those of other investors as it eliminates leverage in the calculation (though it still includes interest rates & that may make comparisons different).Hope that helps!

What I see that is different in this economic cycle compare to the last is that people are able to work despite not having an employer.  

How does this units water usage compare to nearby houses/units?