Nick and I are working on buying one at 10k on the NW side but it needs a little more cosmetic work than yours.

I do not regret the price we paid, we made many great memories there while our kids were young.The house was in great structural shape, but needed a top to bottom cosmetic rehab.  

They tend to be distress properties usually short sales with some minor cosmetic (cheap fixes).

I listen in my car and during my routine after dinner walk. 

I don't count reserves for vacancy, cap ex, or routine repairs as part of my cashflow because they go into separate subaccounts (virtual) from my cash flow that I can use for purchasing other properties or to pay down debt. 

It had a huge profit margin and mostly cosmetic work, priced very low even for an REO.

I can call out from my cell and the number that shows up on the caller id is the number that they originally called.This way I can tell if I am getting a call for an emergency, rental, or routine call. 

But now it is part of my routine. 

Sadly, this project will end, and I will be back to the routine.

Hi Raj,The exact technical requirement is that you must buy one or more replacement properties with a total/combined purchase price (purchase price plus routine purchase expenses) that are equal to or greater than your net sale price (gross sale price less your routine selling expenses), and you must reinvest all of your net proceeds/cash/equity generated by the sale of your relinquished property.