I put my commercial assets in them, but too hard to get that awesome long term financing available to natural persons when you over-sophisticate them.

I just pulled the Craigslist posting.

Had to send my son there (an hour away) to change a lightbulb, even though I asked if they had changed it and to fix the ceiling fan that "just stopped working" because they broke the pull chain.

Naturally, I have been reading a lot about real estate investing and have been just a consumer on this site for years.

Sent 2 weeks agoI buy properties for cash and refinance to pull my cash out.

Those are still cash flow assets, but I don't think the bank will let me refinance on anything appraised less then 60k.Anyways it's all a work in progress, I called local Property Managers to ask them what rent is for a 2/1 | 3/1, vacancies rates, if they charge a flat fee or rent based %, few other questions.I'm getting an idea of what is in my area and what I should be focused on first.Yeah the real estate agent bought a fixer for 120k, put some work in sold 235k after he posted it on Facebook had someone call with offers that night.I have plenty of cash for buying/repairing, Cash is King he said and asked if I wanted to be a money lender that the return was "ok", but there would be no equity and build up.Yeah, my goal is to collect as many doors as I can and have $100-200 of ROI I'm shooting for appreciation and being able to pull my original money back out.

I personally prefer to pull the nails all the way through, out the underside of the wood, to prevent splitting.

You should look at how much money can you pull out such that you will break even after all the tax deductions and depreciation. 

@Jacob Forbis - have your realtor pull you comps for the area on this property.

But as this was a BRRRR, the true mark of success would come when we could pull some of our cash out (we knew we would never pull it all out) to fund the next purchase.Our original plan for the property was a cash out refi.