Actually you may be surprised to know that many people who live in really expensive markets like Portland invest in the low cost cash flow markets like Detroit.

(Note: we currently own and live in a 3 family and already understand about surprise costs.

It is convenient having a brother and business partner and we want to make the most out of it.

I was pleasantly surprised that PIP Group uses a detailed checklist on what a flipped house should look like before it goes on the market. 

They don’t realize that an investor or real estate broker who knows the true market value of the property may be taking advantage of them by actively misleading the homeowner as to the true market value.The problems arise when the investor or real estate broker:Drives down the property value in the seller’s mind by showing them comparable properties that aren’t really comparable.Talks to the homeowner about all of the deferred maintenance that the property needs (which may or may not be true).Allows the homeowner to leave items behind (What is that “convenience” worth - the costs of renting a dumpster, hiring two-three workers for a day to unload your house?

@Will Kern Personally I am surprised how many people say that book is such an eye opener and impetus to get started in business.

Wouldn't be surprised if that fridge has been dead for weeks.

Just don't get surprised after. 

Surprisingly enough, Quickbooks is actually a suitable program to begin preparing property financials (not kidding).

Wifi would be more convenient, this was just left over from the cable heavy days.