Some of the greatest transaction I purchased at Live Out-Cry auction - Pre-Auction and Post Auction.Really fast forward the time machine by 40 years - now owner of just under 100 units (houses and commercial) owner of an auction company - auctioneer and full time mentor, a real estate school and now a commercial property developer - I will be celebrating my 75th birthday January 16 and have not slowed down - inventing new concepts to make my investing work better.

In a podcast the other day, I heard about an investor who repurposed his laundry room into a communal area, transferred water costs to the tenants, installed hookups in all units, and gave them the option to lease a washing machine and dryer for ~$35/month.

In my family, my brother is the only person who has gotten a college degree, I went and got a trade instead- I love precision machining!

Best of luck with the duplexes, those are great cash flow machines!  

There are several very well oiled large machines you will be competing with. 

Prior to the decline in the larger U.S markets rental homes in those areas have not meet your criteria for the past 10-20 years, perhaps your giving away a time machine with each book so that people in Larger markets could buy rental housing.I have never said your way is wrong, in fact I invest that way as well, but you would have a better chance of seeing a unicorn than you would finding a home that meets "Mikes way of renting" in LA or Vegas, or Chicago.

From real estate, to cell phone towers, to ATM machines, etc.

The fix ups (that I know of) include adding kitchen efficiencies to each, replacing carpet with vinyl flooring, painting, replacing a roof and adding laundry machines. 

On the call, I'm more than happy to share with you a hard learned lessons or insight of mine from my unique life experiences:Running algorithmic trading for the world's largest hedge fund, Bridgewater Associates (Ray Dalio's fund, author of Principles)Living in Hong Kong 3 yearsFounding and running an AI and machine learning focused development agencyTrading bitcoin since 2016Spending a month crossing the Pacific Ocean via a cargo ship Surviving a near death motorcycle crash in Laos (7 surgeries, 2 blood transfusions later I'm still here thankfully)Founding a VC funded real estate startupI'm more than happy to chat about any of the above and the many mistakes I've made or painful lessons I've learned relevant to them, and I'd love to learn more about your first hand experiences.In particular, I'm interested in learning more about: If you were mentoring me, what should I know for my first investment property?

Becoming a lean machine this will allow you to maximize income.