This is worse than Rent-PITI=cashflow, this is virtually Rent=Cash flow thinking.

Have you ever looked into virtual wholesaling?

A cash buy of real estate was virtually unheard of a couple of decades ago.

Where he comes from, the infrastructure and resources that we have in our society don't come close to the virtually raw land that they lived on in the village.he's killin' it in commercial right now, btw... comin' from only the clothes on his back w/his family of 3 and his wife w/his broken english. :)definitely we (i) get in my own way more times than i may realize...thanks for the great question/post!

When you're out of area, you're now depending on others for virtually every facet of the transaction.

You'll definitely have to do more due diligence on your contractors and stay more on top of things if you don't have any construction background, but after a couple projects you'll start to learn that side of the business.Look at it this way, Warren Buffett owns businesses ranging from insurance to food to shoes to diamonds to paint supply to jets to furniture to railroads, etc...do you think he's an expert in all those things?

I'm presenting attending Scott's virtual conference, NoteCamp 2.0.  

We do a virtual video walk-through of all our listings.

They say things like "I'm going to give you (virtually zero) down and $300/mo and you'll come out way ahead.

it was built in 2008 and is virtually perfect aside from a few runs in the berber carpet.