As a powerful organization, I would like to see Bigger Pockets become a leader in not simply educating real estate investors but leading the way in warning investors about the real estate guru pitfalls.  

"@ Frank ChinIn this specific instance, it is undeniable that a house was built on that property more than 15 years ago simply based on Google Earth data, but you can see by the county assessor records that the house on the subject property was built in 1950 and then the property encroaching was built over the property line shortly thereafter, in 1951.@ Matt Devincenzo,From the info in your post, the land does not seem to have officially been taken by AP.

So far we have never had anyone comment about the lack of or the convenience of having it. 

There simply isn't enough margin in this business to layer on a national company, without charging you an arm and a leg and/or doing a substandard job.

You are honestly way ahead of the pack already simply by being willing to start learning about this topic in your early 20s.

Major issues are lack of parking, lack of elevators, leading to numerous unlived in units.  

It is a sure thing that you will have success simply based on your introspection!

The 1% rule is simply a rule of thumb type filter.

If I sense the buyer is cut from this fabric, I will negotiate extra hard against repairs to the extent they simply walk.

I just read an article recently that noted "Avg Profits For Flipped Homes" of $80,000, however when you dig into the article and their sources, "Profit" is simply Sale Price - Purchase Price...so it doesn't consider renovation costs, holding costs, financing costs, etc.