How much would that typically run?

If you are running to the hardware store on a very frequent basis, or using your vehicle to haul significant amounts of materials, the IRS could question your level of involvement and whether you are providing services to the IRA.

I'm a member of Capital REI, which is run by @Roger Lin, @Justin Pierce, and @John Rubino.

I will of course always run my own numbers though.

Most people run their numbers to determine what their profit should be.

Even if there is little equity, if the homeowner hasn't run up a ridiculous reinstatement fee with the lender, there is usually a great Cash-on-Cash return.

They are a little run down, but they currently have tenants.

@Russell Brazil  definitely regionalized... in my two markets were I build new construction Charleston SC and Portland Oregon.. long gone is the no money down buyer.. they still happen I just sold one in Charleston on a VA loan but its a 350k house. and we get the occasional FHA but on the subdivision I just built in Portland in 2016  27 new homes priced from 330 to 400k... ( entry level )  to first time move up.My wife is my broker ( always recommend anyone getting in the business to have their own license) I had her run a report on financing and what was used.4 sold for cash1 VA3  FHA minimum down19 sold conventinal with 10% or more down.IN charleston other than the one VA loan same thing some cash a few FHA majority conventionalso to speak to your points we have a much stronger buying segment than pre 08.. and I am sorry for those that have crappy credit and can't buy right now.. but they simply need to clean up their act. this attitude that every american deserves to own a home is flawed thinking.. every american who can manage thier personal credit and keep good an stable jobs.. deserves a home if they so choose.. 

I run a retail cigar shop in near by Calabasas and have been able to purchase 2 rental properties since 2010.

I am not running a charitable housing establishment.So lets review; I've collected $0 in rent.