Any rule of thumb to use while analyzing?

Cap-ex was needed for:* Original 1960s kitchen, appliances out of order* Original 1960s Pepto Bismol colored tiles in the bathroom* Tobacco and marijuana stains/odor in every room* Stained carpet covering damaged hardwood* Broken side door from forced entry by police* Zero recessed lighting with 3 layers of blinds on every window* Lots of trash in the basement both on the floor and mounted to the joists overheadCheck out the Zillow listing at: https://www.zillow.com/homes/119-Jasper-Pl-Alexandria,-VA-22...What made you interested in investing in this type of deal?

If you’re west of 315 then not so much in the near future. 

I have been watching my local market the past couple of years saving money and building credit for my first property.  

This home can use 200k of renovations. 

Great Post-  I appreciate you saying what a lot of the Gurus fail to explain: that this is a long term process and in a lot of cases we don't see the benefits for years to come. 

Search by property address: Use the property address to find the owner's details in the property records.

I have done 1 year and 3 year terms over the years with them.

Nice job acquiring the first deal.

He's a partner in an STR management company and is very active in that sector right now in the Charleston area.