You can find cash-flowing rentals at a very cheap price point - anywhere between $120k to $180k.

Always get monetary concessions... never rely upon a seller to do anything after closing, unless you want it done half-assed and on the cheap.

For a Class C rental, I typically buy the cheap blinds from Walmart.

If you want to point the finger, we can blame the Fed for holding rates low for so long, and the govt for printing 5 T, making money real cheap and allowing these NY investors to over pay on the real estate.I guess you have to wait until the banks take these assets back.

Frankly for us, it is better to let it sit for 4-5 months with an occasional booking instead of renting it for cheap during the off season.

I agree, people also need to recognize that the cost to raise capital is not cheap - going through a company like this or a broker dealer route will cost you 6-10% of the capital they raise.

Expensive and waste to replace all since upper cabinets are all good, having all cabinets painted would cost $1500 - also not cheap, the paint may get chipped easily.  7.

Housing is cheap for a reason. 

leave the old **** houses alone cheap doesn't mean good. if it was so good reits and institutions would be doing it.

The best system will include today, soaker hoses to water foundation, not just spray heads.If there is no sprinkler, I would think it is not easy or cheap to hire someone to water.