That typically is investors.

@Jane Guerreso the credit bureaus will typically not allow individual landlords to report payment data to them without going through an extensive membership process.  

ARV - $660,000Rehab - $135,000 (He really spent $175,000 but that's because it sat longer than expected plus a few hiccups)Purchase - $365,000Based on what I've learned from REIA meet ups and about wholesalers, typically you determine purchase price and wholesale fee using the following formula:(ARV*70%) - Repairs - wholesale fee = Purchase price($660,000*0.7) - $135,000 = $327,000.

Typically properties I look at cost around $1.2M and need about $150-200k in renos to cash flow.

Where would i lose money utilizing a strategy like this?

Again, this is typically initiated with a Pay or Quit notice giving a tenant a certain amount of time to remedy the problem BEFORE the next step which would be filing through the local court system for an eviction.  

There is typically a fee every month to keep the option alive, but there doesn't have to be.  

Hi,What is the typical process that goes into purchasing a larger apartment complex?

Finally realize rent appreciation typically correlates closely with property appreciation.  

Typical investment company like Fidelity, Charles Schwab will not handle self directed 401K.