The appreciation that you reference is why almost all San Diego buy n holds end up cash flowing.

Most the time I either read about or hear on podcasts how someone started a business and then, poof, they fast forward in the discussion 2 years and now they manage 200+ properties.I’m interested in the in b/n.

(The difference between my hypothetical $35k and the known $12k leaves sufficient room to come out well ahead, it's not rocket science to buy at $12k and sell at $35k, and as we learned from 2008 paired with rule 34: "if you can think of it, someone can create the  accompanying financial instrument to sell on Wall Street" -- the guys that invented this stuff aren't waiting 5 or X or N years to get paid, they are getting paid now.)"

If you are wanting a fix n flip loan for the purchase and rehab money, then just get with a lender that can do that and has investors that allow that for a person with no experience.

I bought a scratch n dent refrigerator locally - brand new still has all the blue tape securing everything and the plastic wrap, just a couple of dents.

Within a few months I founded out both of my basements were flooding n molding, and have been flooding according to the tenants a long time.

Looks like it's a HML fix-n-flip scenario.

@Dan Gustavson My wife n I also looking to do the same 1031 exchange with another property we have.

Here is the link to the property for more reference: http://tash.rentlinx.com/1507-N-8Th-St-Killeen-TX-76541-3

Copied from news article; "Maybe it is high for what it is offered at, but the reality is that the square footage and the location is exactly what this market needs," Alan N., director of research at the Xpera group, reported.https://www.10news.com/news/lo...https://www.zumper.com/apartme...