If you have a business model that works in Detroit or the inner ring suburbs, then do it.

(ability of the buyer pool to qualify and service debt) Money can be made in any market...it just takes much longer and requires creativity and diligence to identify the opportunities in mature market cycles...in addition to sticking to your financial model...without getting emotionally involved, which results in over paying for deals.

Seems like a good way to network with like minded individuals but I'm not quite sold on there model just yet. 

Any big ticket items pop up that caught you off guard?

.#9 - added a 220v circuit for tenant dryer in garageOn a general note I'm starting to be enamored with buy cash/fix up/rent and finance back out business model.  

Thanks @Hattie Dizmond@James RegisterIf you're North Carolina you have to realize that lease with option is an exit for tenant buyer there's issues in North CarolinaSo I lease with an ROFR makes senseYou can't stay a purchase price with the ROFRAs an owner you need to make a promise to the tenant that they can buy the property new appraisalIf you're in the business of homeownership and helping people get there, you can help get the tenant to getting a mortgageIf you need some assistance in setting up that kind of a business model PMEGood luck

I think a turn of a screw would fix those.One item stated fungus damage to rear patio roof rafters, blocking, support beam and post. 

Also, I have the furnace and a/c units cleaned/inspected annually as well (at different times), since those are big ticket items to replace.

Hopefully your business model allows for the time and cost of the turnover.

Credits to settlement costs excluding pre-paid items such as insurance or taxes, is not financing as those credits don't reduce the purchase price.