So the BRRR there isn't AS attractive to me.It's hard for me to imagine a market with a good employment base not at least keeping pace with inflation.  

I can imagine him, Ozzy Osborne, Geeze Butler and Tommy Iomi kicking it up a notch in there. 

People talk about becoming full time real estate investors who don't have to go to a 9-5 job anymore, but I would imagine that this would require not only owning TONS of properties with full occupancy in each, but having all the mortgages paid off and receiving free cash flow each month.

If/when the house goes to auction, I imagine that someone with cash is who will get it, rather than a buyer like us, who needs a mortgage...??? 

I would be even more hesitant if you are are located in BP and looking to purchase a cash flow neutral property because there are many cheaper townhomes available and the connotation some people have with the area.Last, I would make sure your rent number of $1800 is correct.I don't know the property or where it is located but I imagine you are competing with SHFs at that price point.

That's crazy.But also, I can't imagine having to pay a licensed plumber for a service call every time some little thing goes wrong like a toilet tank bolt needs to be tightened, and I have to pay $300?

Does anyone know if this is my imagination or a real requirement. 

@Eleanor Curry  If you can imagine a HML on the left and a traditional bank on the right private money lenders can fall anywhere in between.   

At 70+ she's seen more change in life and real estate markets than I can imagine.

I try to imagine my young kids using this bathroom and what it would look like over time if they did, and based on how it looks now, I'm certain my kids would have that place consistently soaked with water going everywhere and covered in mold/mildew/rot within less than a year :PI'm definitely not against leaving them as is if it makes more sense financially, I'm just not convinced that it will in the long term.