Seems like most that I see if they get it in the right price range and don't wait too long to get it there, it will then sell.   

You can totally do it, but as mentioned above its all about your team. 

Thanks Stuart,I think you bring up a great point that I didnt consider, in regards to trading the time/skillset for that 2.5%...As you mentioned, it makes more sense to use your time and energy in places that you excel in, rather than trying to do it all yourself.

I had a friend who mentioned that it was expensive but, I had no idea that it was that bad.

Thanks, looking forward to reading them.If it helps, I am looking for Class A or Class B properties as I don't necessarily need the cashflow right now and am okay waiting 3+ years.

etc.As others have mentioned, if you have to spend and borrow approx $200k to acquire the property and bring it up to snuff, and the ARV is only 200k, then there's no equity--not a good deal.

As tax CPAs and EAs we're less than 3 weeks away from a major statutory deadline, so we're pretty busy to say the least.If the convo can wait until post 10/15 (i.e. you're looking for help for the 2018 tax year), I'm sure most on your list would be fine with a 15-30 minute phone chat in late October/early November to determine if there's a good fit.

Here is a summary of the book.https://www.nateliason.com/notes/long-distance-real-estate-investing-david-greeneThe book also mentions the importance of having a rockstar Realtor, contractor, lender, and property manager.

Will wait to see what the seller says. 

With in regards to inspections, if you do enough inspections, make friendships with the inspectors and often they will let my handyman do the fixes day of and send pictures so I am not waiting the allocated 2 weeks for re-inspection.