I plan on buying my third rental later this year.In times like these, quality generally pays off (good school districts, neighborhood quality, etc).

You might even hit two birds with one stone- this could double as a test for the quality of customer service they provide and help you decide who you might want to work with down the road.

The money this person is going to lose trying to flip a house in a questionable buy and hold area will pale in comparison to the commission that would have been paid to get a quality cash flowing property in a decent location.Have you identified any areas of interest?

My point is that if you go at a slower rate & aim more for quality, you'll wake up one day with a portfolio you'll enjoy rather than a headache. 

Rehabs need to be efficient; quick time table, stay on budget and high quality workmanship.

I think I would be more comfortable buying my first property in an area where I could have high-quality tenants anyways, & I know that specific town is in pretty bad shape.Regardless, since I posted this yesterday that specific listing I was talking about has been taken down.

Don’t just pick the cheapest bid get someone who will do quality work and has a good track record.

Be patient and have confidence in your numbers and even in a crisis quality product moves.

Be patient and have confidence in your numbers and even in a crisis quality product moves.

Be confident you can get high quality tenants that are less likely to file one on you which is usually determined by asset quality.