Hi Grant,My rentals are in Everett, Marysville, Seattle (Belltown), Concrete, Lakewood with the majority in Everett.

Reason why there is no allotment for CapEx is because major items like roof, hvac, have >5 years life (or more).

Most of the abandoned houses in Cleveland are in neighborhoods where the majority of the houses are not financeable by banks due to low value and/or terrible condition.  

The vast majority of agents know nothing about property management, nor do they want to.

No major rehabs, nothing too big, nothing requiring major repositioning.Make this deal as small a part of your total financial position as possible.

The majority of mistakes I see people make result from being impatient because they need things to happen NOW because of the lack of reserves.

Since I am not handy nor do I deal in major quantity of flips I would think my costs on doing work has to be much higher than you flippers out there.

Thanks for the reviews; I'll submit a new application to buy a major fixer upper & then get a loan to rennovate it.

Also due to major medical bills my Ficos dropped to 700+- though after working with them my current ficos are under 800 and should be in the low/mid 800's again pretty soon!

I know very little about what you mentioned, but I know they are working on outlawing rent hikes tied to major apartment improvements.I recommend earning money in New York and then getting it out-of-state as fast as possible.