Also depends on where your property is located.

Depending on the market and your specific criteria, they may also be much more difficult to find.

Rehabbing some of those homes might be very costly, depending on the home/unit.

Appreciation is not depended on in our model.

It all depends on the finish quality of your comps.

Furthermore, you can't really give an estimate of holding costs, because they will be very different depending on if someone is using private money or hard money.

All of that simply depends upon how many people are buying me houses and that I pick the right ones that cash flow at least $300-400 per month!

All depends on what you're goal is.

But I still think there will be a headache with neighbor complaints, depending on size of complex/community.

Yes, it's time intensive which is why it's so worth your time to pay someone to do it for you.What I'm learning while doing it, though, is priceless.It would seem to me, though, that if you want to stay in your area you can find properties simply by driving around a different area every week (or day, depending on your time investment).