It'd be a pretty negative cash flow to start out, banking on the fact that it could be turned into a gem. 

Hey y'all, I purchased this gem recently and decided to post it here as a diary, both to share my experience with the community and to more selfishly use it as a learning tool to help improve my business.

But I think the biggest learning lesson is finding your own gems out there. 

Don't get me wrong; there are plenty of issues/problems/quirks that old houses have that new houses don't, and an old house can obviously have hidden problems and big repair/maintenance bills too--which is why thorough due diligence is fundamental to REI...but, the point is: a brand new house is not a foolproof solution to repairs/maintenance headaches (and in some cases, a brand new house can be a much bigger gamble than an older house).This is a particularly important lesson for inexperienced investors, who tend to be the most prone to "shiny object syndrome" (the tendency to let nice aesthetics distract from real, underlying issues).

Hidden Valley Lake, Ca 94567 I apologize for the the disjointed info in this post.

Somerimes you find some real gems in the unanswered forums section of BP.

And I have a whole BUNCH these little gems out there.

There are some topics where every reply is a cut and paste hidden advertisement.

I'm not an expert by any means but I'd try and do what Brandon Turner preaches and look for 'a hidden bedroom' (for example, if it's a 2-bedroom home and it's 1000+ sq.ft. then you can likely 'move some walls' to make a third bedroom; this would almost certainly add to the home's value). 

Structure your future business so it is hidden well.Respectfully Larkin