Lastly, the price point is still very cheap here in the sense that you can still find investment deals that hit the 1% rule for 120-180k!

Plan for the Long TermTax Planning: Understand tax implications and consider strategies such as 1031 exchanges for deferring capital gains taxes.Estate Planning: Develop a plan for passing on your real estate investments to heirs.Additional Tips:Stay Disciplined: Stick to your investment plan and avoid making emotional decisions.Continuous Learning: Real estate markets evolve, so stay updated with industry trends and regulations.Risk Management: Be aware of risks such as vacancies, unexpected expenses, and interest rate fluctuations.By following these steps and remaining committed to your goals, you can progressively build wealth and achieve financial freedom through real estate investing.

We will most likely be doing a long term rental.

Lastly, invest in advanced courses and resources that go beyond surface-level information, seeking specialized training in foreclosure investing that covers in-depth strategies and risk management.

We are in a similar position, and the last flip we did, we put everything cosmetic under a contractor we work with regularly (CR-61/$50k) who was on the job.

And to give you some context on how "rich" the PMs are getting, in case you are wondering for your own PM business, the margins in this business are incredibly slim: We had about $1.3 million in rental revenues last year, and yours truly bagged all of $32K. 

In fact there is absolutely nothing wrong with the above described technique as long as it's fully disclosed and UNDERSTOOD by all parties.John is "disgraced" because he got involved as front man with a Salt Lake City real estate marketing firm that promoted John all over late Nate TV back around 1998 - 2003.  

Once you have stabilized the property and satisfied long-term loan seasoning requirements of the bank, you'll refi to the less expensive long term lender. 

(I've yet to take a look at the property to confirm.)ARV Comps:https://www.redfin.com/PA/Philadelphia/1012-S-24th-St-19146/...https://www.redfin.com/PA/Philadelphia/1709-Christian-St-191...https://www.redfin.com/PA/Philadelphia/1525-Christian-St-191...Rental Comps: For gross rent determination I'm assuming room configuration to be 3 bed 1 bath for two units and a 2 bed 1 bath for the last (furnished unit).

Doors (or clients) that require extensive and constant attention from my staff are not long for this world and will be cut loose.As @Richard F. mentioned, clients fall into those two categories (micromanaging, time-sucking parasites who place zero value on the value of your time, or the "don't bother me unless the house burned down" clients).