Yet I see investors doing crazy things like this in real estate.Better in my opinion to take a diversified approach to real estate. 1/3 in wealth preservation strategies without partners like performing notes at 50% LTV (which I have) or tax lien certificates.

@John Chin basically hit the nail on the head.I don't think you can discount the impact of laziness, either.

It's costing us upwards of $3,500 to reverse.But the real nail in the coffin is that we suddenly had the county inspector rock up at our house and red flag it saying that they were notified that we are having "unpermitted work being done in our kitchen"?!

It's one of the first things I did and it helped really nail the basics down.

Here is the link to register: http://kcmo.gov/neighborhoods/neighborhood-preserv...

Segment geographically and by other criteria such as equity.Less than 5% of people who nail continue for mire than a few month and poop out so consider that before committing to buy an annual subscription.

-Nail down a close market rent for the area and get a better sense of the realistic expenses -Analyze 1 deal everyday until I get comfortable doing it.

If they redeem, they will have to pay you for the VALUE of your "preservation improvements" (plus taxes, interest and insurance) but not additions or upgrades.

Also, what sources would you use to try and nail down a market rent for an area?

Nail on the head.