Moral... buy right and manage well.

this one actually came a few weeks ago. it's an interesting story.i was on vacation with my son in florida while my wife stayed back during the xmas holiday to rent out 3 houses. we had just fired our agent who we used to just list and show the houses on the MLS.anyway, while i was in florida i saw a 2k sq ft house in livonia that had an in-ground pool. the house showed super rough and the pics were terrible. it was listed for 189.9ki texted my wife and said "go and buy this house". she called the agent and he said "been on the market for 3 weeks, no calls. has 5 bedrooms".we had been looking for a long time for a larger home for us and she jumped at the chance to see it. it ACTUALLY Has 6 bedrooms, not 5. the listing was wrong.i offered 100k, no inspections. they came back at 132. we settled on 122k, pulled a loan so that we could preserve the rest of the cash for the future purchases. closed 4 weeks later (mid february)ARV on this house is close to 230k.I knew i could not start working on this house until about June. i also knew that it would take about 30-40k to fix it how i want it fixed for us to move in there, so that meant we could move there in august.2 weeks ago we went out to dinner and while driving i had an epiphany. i told my wife, "we will rent this house AS IS, no updates besides filling in the pool for $1,300. rent it for 1 yr, while the MLS dries up". this house updated could rent for $1,800-$2,100 per month.she texted immediately tenants in #4 and offered to them to move in this large house since they need the extra room. they signed a 2 yr lease last week and they are ECSTATIC.I will rent #4 and increase the rent from $1,100 to $1,300 since they have been there for 4 yrs.the tenants already resurfaced the floors at #25, will put pergo in the living room and change carpet upstairs. here's the pool - all 41k gallons of it. 2" pump is about to pump it out.here it is uncovered, pumping away.here is my concrete guy who is filling this pit as i type.the moral of the story.... just have multiple options. and be patient. is it nice to have a huge house so that you can spend 10s of thousands to fill it up with furniture?

There's a proposal for a large market in Fox Point, which would boost what's already a pretty desirable area.

I know of others but can't share details yet.These will just serve to bring even more people to the area and boost the year-round appeal.

Getting it just right the first time rarely happens but completing that first buy & fix has to be a tremendous boost of motivation for you.

Moral of the story is that I'm finally on the path that I set out to find and I'm both nervous and excited  to get everything started.

Granted that this is only roughly $700 and not a whole lot in the grand scheme of things, but shouldn't ones morals come in to play at some point?

The experience gained was immeasurable and a huge boost of confidence. 

Moral of my long ramble of a story:  I will NEVER sign one of those agreements, and if it is means an agent won't show me a house then I will just move on to someone else.

The cherry on top of this idea sundae, is this idea could definitely be deemed somewhat controversial, as the items being stored are a niche market that not everyone feels is moral or acceptable.