So why not buy a not so well maintained home for 560k and renovate it and enjoy the newer upgraded home.I feel from a buy and hold point of view it will be much better to pay more for an already upgraded home as all the upgrade costs are being paid for by the 30 year loan which comes with tax deduction and you pay it off with de-valuated dollar over time.

Minimal repairs: 15k, ARV 100kAdd a bathroom plus necessary repairs, min-avg quality 30k, ARV 130kAdd bathroom, repairs, plus higher end stuff in bath and kitchen 45k, ARV 160kIf your numbers are reasonable, comps provided, one might expect buyers would enjoy working with someone who went through this effort... and look to do more business with you.

Add bar top and enjoy yourself.

My attitude is to forget work/life balance while building the business and just focus on working hard, developing processes and improving efficiency, so that once you have things running efficiently, you can then enjoy the work/life balance.

My landlord is elderly and wants to slow down and enjoy her retirement without the responsibility of being a landlord.

Arthur - I really enjoyed the podcast by the way.

I am an electrical engineer by education, but I've realized the last few years I like the business aspect of things, and think this would be something I enjoy doing full-time.Because I don't have the capitol or the experience to jump right into it, I have decided I would like to get into project management for smaller projects, such as single family or multifamily homes.

If you enjoy working alone you certainly can, you could also have an admin to help you with paperwork and/or accounting and it can it always stay that simple.

Enjoy.

Also, what have some of you enjoyed and didn't enjoy with your experience with wholesalers?