Mostly because only a very few people were doing it, the people who were had the cash to close; if we wanted to “flip the contract” almost every title company would do a double closing, and some very motivated lenders were willing to finance the end buyer’s total purchase price.Now, I receive 5-10 texts weekly wanting to buy my properties; God knows how many phone calls (unanswered), spam (junk filtered) emails galore, and if I happen to inadvertently answer the phone call I get a person who can barely communicate in English reading in monotone from a prepared generic script where it’s totally obvious that I would be wasting my time with someone who is mass marketing looking for a seller who knows nothing about the value of their property.One individual called me a few times(years ago), had researched what I owned, how much I owed, and the likelihood I would be amiable to an offer.  

It barely BARELY passed the FHA inspection, and we even had to have a contractor friend write us a letter for the roof.

Some people have no problem living in a house where the floor is bare plywood because they're re-tiling, and there are tools and materials lying around everywhere....other people can't stand that stuff... 

I would try removing carpet in one unit and see how the sound travels with bare subfloors.

I've also seen articles in which long-time apartment owners were interviewed, and they recount the times they barely escaped having their leverage house of cards collapse.

You didn't lose $1,200, you lost at the bare minimum- $4,644 over a 20 year span.

Many of the homes, however, seem to cashflow at least a few hundred dollars even if the barely meet the 1% rule.

@Andrew B. Are

Now that mortgages for investors are 7%, the cash flow barely covers property management... on to the next state!

A lot of the profit in this business is the fact that they own everything and barely have a small mortgage on it.