It's viable though, just more difficult to execute!

@ Marc IzquierdoHi Mark,Obviously the subleters are paying more than the legal tenant.You should talk to your attorney about,maybe vetting the subleters (for free), and if they qualify executing a new lease with them for the amount they are paying now (no turn cost, no down time losses).and concurrently evict the tenant for subleasing.If your lease prohibits subleasing, and the tenant did that, it might be fraud on the subleters.They simply begin to pay you vs. paying the tenant.You should talk to an attorney about this.Good Luck!

@Steven Slivinski I'll address the adding value part but give you disclaimer you are potentially going to hurt if you don't execute your plan well because you need funds and knowledge to rehab.

Lots of great info there, and then I double check with First American Title on ones I am monitoring.

A property manager who can educate you on a market, help you form a strategy, fit right into your due diligence process, and execute on a clear takeover game plan as soon as you hold title.If you have all these in the market you are looking at, you are definitely going towards a positive experience:)Good luck! 

Does any BP'ers living in these areas, see this info as jiving with their local analysis.  10 Cities In Danger Of A Housing Crash This YearBy Jade Scipioni Published April 08, 2019 With Manhattan real estate reporting its longest losing streak in 30 years, and its worst first quarter since the financial crisis, according to Douglas Elliman, it’s no surprise that many cities around the country are in danger of a housing crash this year.According to a new report released Monday, more than 40 U.S. cities are nipping at the heels of a potential housing crisis especially in “old” Northeast and Midwest cities.To determine which areas are heading toward a housing crisis, GoBankingRates.com analyzed data on 175 of the largest U.S. cities.Researchers then used key factors, including the percentage of homes with mortgages with negative equity (also known as “underwater”), meaning the home is currently worth less than the total cost of the mortgage, along with city’s mortgage delinquency rate from Zillow’s February 2019 index.Additionally, the personal finance website calculated each area’s homeowner vacancy rate and rental rate using data from the Census Bureau’s 2017 American Community Survey combined with foreclosure rates from RealtyTrac.To make the list, cities had to have rates of negative equity in excess of 8.2 percent, which is the current the U.S. national average rate of homes “underwater.”Here are the top 10 cities in the most danger of a housing crash this year. 1.

Pick one area that sparks my interest (multi-family rental properties) and learn as much as I can to formulate a plan and then ways to execute that plan.

Me being a "wealthy" American in a 3rd world country I always find myself having to buy home supplies (shampoo etc) and eating out for 3 or 4 people at a time.

So, yes, it could definitely work on paper and even in execution, but it would require quite a bit of setup as it's something that would definitely need to be scaled if one was going to conquer more than just their local market - and that requires lots of people & lots of money.Personally, I prefer the tried & true model of metal sheds on concrete slabs so folks can store their treasures and running all of that with zero to minimal employees - the simple approach.So I guess in summary, the romantic part of me wants to change the world, but the practical part of me just wants to change "my" world. 

Lubbock is one of only two markets in Texas that had rental prices drop--McDougal is crushing the competition right now--he and American Campus Communities are building those huge resort student multifamily buildings and destroying the student rental market.