But having lived in Boston for years and loving it I agree with Theresa: there are plenty of people who want to live in a city and not one like Atlanta or Charlotte.

You make plenty of money to be able to pay all 3 mortgages out of your pay if they were all empty, right??

Purchase price: $55,000 Cash invested: $15,000 Good rental in a solid rental area, with plenty of equity and cashflow.

If the purchase was 100K and rehab is 40K and the ARV is 200,000 then there is plenty of equity to protect the investor.  

Usually free food and free drinks.

And in real estate, there are plenty of those "barely a success" type deals.

It already has tenants, and my plan was to help the owner out of his tough situation by seeing if he would take the amount of his original loan (divided to pay off the remaining balance of the loan) so he doesn't have a foreclosure on his record, and would give plenty of room between that and current valuation.

While he had plenty of money to get started, he didn’t have the time to manage the project.We completed and sold our first flip together at the end of 2015.

There are plenty of resources out there on this topic.

Phase 1 is important for multi-family to assess a number of conditions such as asbestos, lead paint, radon, lead in drinking water, potential impacts from adjacent properties, historic use of property, etc.