The information contained in this post is not to be relied upon.

Whenever I see someone post that "I can't find good deals," I translate it as" "I can't find anyone stupid enough to leave money on the table."

I would rely on locals like @Collin H. for market specific guidance. 

I would also have cash reserves if you do this, don't rely solely on a HELOC on the rehab.

The information contained in this post is not to be relied upon.

Hey @Laura Sawicki, I second @John Underwood's comment about getting the actual Schedule E from the owners to validate all revenue that was reported to the IRS.No way I would rely on just a report they provided.

I don't advertise on Craigslist and FB marketplace-I rely on word of mouth  so people know before they come to my house they WILL be tested multiple times a week and WILL have to go to AA meetings, do their chores and be a TEAM player with the rest of the house. 

Relying on parking companies to manage and improve your "product" is paramount.  

I am sure there are scammers on Morby sites as well you just can help it in today's world of everyone relying on the internet and SM to find business relationships. 100% agree, scammers abound no matter where you look.

Use Leverage Strategically: Real estate businesses often rely on debt.