Are the brokerages good at getting new agents going by giving them the proper training and mentorship?

If you can find a property that needs work and buy it at a price that will instantly build equity after rehabbed then finance it properly, you should be able to cash flow.

We’ll try to charge a bill for the stolen power, new lock ring we install, etc on the previous person, but won’t hold a new owner responsible, nor do we go after landlords who have tenants that do dumb stuff; we just want our meter back and all to be back to norm. 

The writ of possession will then allow the lender to properly evict the tenant and take possession of the property.

There is a difference between ongoing repairs and repairs that have stacked up over the years as the seller has sucked out maximum cash flow and put a band aid on everything instead of properly maintaining the asset.

We have had just a few projects along the way, including, new electric panel box, new electric in the bathroom and kitchen, new Pex plumbing in the whole house, a support wall teardown + header beam install, whole house installation of recessed lights, new drywall in the kitchen and bathroom, new sub-floor in the kitchen and bathroom, and new hardwood floors in the entire house.

Just make sure you do a proper and thorough due diligence, and don't become emotionally attached to any potential property.

In terms of improvements on the property, I had a wrought iron gate/fence installed, security cameras, and glass shower doors.

If the $ is big enough it might make sense to consult with an attorney to determine if this was handled properly by the seller/condo association as concerns prospective purchasers.

He & I completed a kitchen install, plumbing & all tiling in 3 days.