Rwmodelling the absolute crap out of this house What was the outcome?

The seasoned ones are multi-millionaires themselves and won't listen to all of that crap.

I had one guy, great job and history and his credit score had one ding for not paying someone some crap amount.

One unit on the tour had dog crap all over it and my buddy toured it 3 months ago and reported the same.I offered a master lease agreement to cover costs and a little kicker for any fees and I'm waiting to hear back.

They were also urinating on the carpets in 4 stair wells and the urine odor was horrible.I knew I could not stop these ghetto people from drinking and urinating on the stairwell  carpets, so the day the property closed escrow I terminated the tenancy for all 14 tenants because I knew some would move in 30 days, some in 60 days and it would take an attorney and 3 to 5 months to get some tenants out.When I started remodeling the property there was so much cockroach crap under kitchen cabinets we literally used a square shovel and a large trash can to remove the dropping (or whatever that crap is called), but the point to my story is; I am never afraid to make start a major storm when it comes to evicting tenants, remodeling and spending tons of cash because I know that when I stretch out the numbers over a 10, 20, and 30-years the profits become amazing.I am guessing that you have purchased a goldmine for $150,000 and you just don't know how to turn the property into what you need it to be.

Selling inventory is not capital gains, which begin after holding for 365 days.As a tax strategy, flipping is crap, but some do it well and make good money. 

Hire an eviction attorney, let him (or her) handle all the legal crap and sleep well at night knowing it is only a bump in the road, learning lesson and will set you back only a few thousand dollars.

I'm not as optimistic about the economy as you but really at this point it's a crap shoot. 

Yours will likely be much less, but still need to factor it in to your acquisition costs.2) Other crappy terms: Non-refundable deposit, only cash offers accepted, won't turn utilities for your inspection, no inspection or appraisal contingency, non-standard purchase contracts, and all sorts of other crap you won't like.

The good news is the tenants don’t seem to give a crap about any of that stuff and so neither do I .