@Levi T. 3 million in a year in deals sounds awesome, let alone 3 million a quarter.  

BTW, I don't understand really what you meant with your original statement.

Originally posted by @Larry T.

What I meant by out of our price range was because she expect it to be sold at market level.

I manage it myself and its been "so so" as far as doing the distance things but its kind of a PITA and don't want to do it that way again....We just paid off our primary residence and have a TON of equity in it, so we got a HELOC and are ready to start buying....but I cant find sh*t in CA.....so just started to read about turn key plans.....looking for a place to start, referral on who and where to invest..... so I'm very "green" right now.... but it may be my best option too....

Assuming the buildings cost increasing some over 5 yearish project, interest rates going up, and some "oh sh*t's".

I don' t think we need to judge  but that is my opinion.  

I know the bank foreclosed on it 2 years before the sale to me.In fact, the deeds were meant to be recorded the same day, so in the event my deed (2nd one) is recorded before the 1st one (foreclosed owner to bank) , my deed list the name of the REO bank, the grantor, as "XYZ Bank, deed to be recorded..".

For my rentals I look at:Annual Net operating income/(purchase price + Rehab costs)I'm assuming you meant to include your all-in costs (rehab and purchase) but accidently left it out?

That's an interesting one @Kimberly T.!