Something we had to overcome is the speed at which you can do things.

@Michelle Paulsen yes, Providence and Pawtucket are good markets in general, especially if you’re used to even hotter and higher priced markets like Boston.They’ve been going up for several years now, like a lot of other markets, and right now we’re seeing a lot of multiple offers, offers waiving inspections, etc.In Pawtucket two neighborhoods people usually speak well of are Darlington and Quality Hill, and in Providence there are the East Side and West End.Happy to speak to you in more detail sometime if you have more specific questions, too.

We need to get our feet wet and are willing to work for free in return for quality experience, practical education, and valuable relationships.

I have to say though our customer service departments in our major metros here are truly unbelievable help to the hair on fire investors.And of course we prepped our own deeds got with the seller to notarize and ran them to the courthouse to record them.. then we would courier the reinstatement cashiers check to the foreclosure trustee ( in those days based mostly in Seattle)  we had the gal at the law office on speed dial.. its was pretty exciting really.

Did you focus on A/B neighboorhood and area or did you go for C/D neighborhood with lower income people where properties are cheaper, but tenant quality isn't as good?  

Their quality of life will be fine.

If you're using good quality paint, these should hold up pretty well.

I’m able to buy 1% rule on sf in high quality school districts.

In your experience, has low cost been a priority over quality/content of the Phase I?  

5 Points Bank for our line of credit, Steve Gnader, owner of Quality Foundation Repair for the foundation work (great business).We posted this deal in our Omaha Real Estate Meetup Facebook group, and our end buyer responded and bought the deal.