Some of his thoughts that SFH's are a terrible investments, you have to look at alot to get a good deal and only spend money on things that you have to have.  

COC is 31%, so not terrible for the first purchase.

If not terribly long, I hope you're keeping their security deposits.I have C-class properties and have had luck with laminate floor lasting for the most part.

It's terrible that your first tenant is a bust, but its part of the business.  

As a final thought I would also just point out that literally EVERY time I hear someone has inherited tenants they are terrible.

I'll go more into the details in a different post so everyone can tell me how bad of a deal I made 😜However, due to terrible communication with my mortgage company I'll now have to sign all the papers while I'm on vacation out of state. 

Terrible return although may be OK for your area.

I see properties (multi units), being wholesaled for great prices, but they're in terrible areas.

That'll be a terrible investment.

Pretty terrible for a 4plex, but remember that I will be increasing the rent to the MARKET VALUE which is pretty standard of minimum $1000, for a 1/1 in MIAMI.