***Only exception is if an owner has plan & funds to reposition Class D to Class C or higher.https://www.biggerpockets.com/forums/776/topics/960183-what-they-dont-tell-you-about-cheap-rental-properties?

Biggest mistake I see out of state investors make here in Cleveland is overpaying for a property because they compared it to where they lived and thought there was no way they could lose since it was so cheap....You can still lose on a cheap deal folks.

If so that is DAMN cheap and I would be all over that to get it done.

Gurus push anything that helps them sell their products/services to newbies and they make it sound as easy and as cheap as possible to get them on the hook (which is when your credit card is charged).I'm not sure specifically why gurus (or if most do) push DF$, but I do know this: If you are going to start out and do any type of marketing, DF$ is a good thing to do, especially when starting out as the only cost is your gas/time, and wear and tear on the vehicle but you gain something you don't get with any other type of marketing including SEO of your website: Experience and knowledge of your local market.

I know land is not cheap in Honolulu to make it work but maybe others tried?

I'm glad I didn't take the cheap route (a repair person to sand and re-paint cabinets or reface the cabinets and install new countertops).

Don’t skimp on cheap items like decent fixtures, etc.

Cheap Land: Depending on your market (primary, secondary, tertiary) most land surrounding military bases is often discounted.

They are dirt cheap down there.

I've heard good reviews but personally I would still be hesitant to install a wood based flooring product in a bathroom.Whatever you do, stay away from the super cheap stuff.