I have clients of mine that I have helped buy 100s of these price point homes.. they make it work because its their JOB... thats the only way to make this price point work long term .. but you will find that out over time.  

You might have other legal expenses, like evictions, though.Also, I have commonly heard between 5-10% vacancy.Personally, I have tried running numbers on a lot of homes with 8-10% vacancy, and 5-10% for each of capex, maintenance and property management, and nothing ever comes close to working out.I think I'm going to just budget like $200-300/month for maintenance and capex, forget about property management (because that's my job, for now), and pray!  

and how is your credit.if you have a little bit of money IE the 3.5% it takes to get a FHA loan then just go that route you need a job and credit as well.if you cant qualify for a FHA loan there  are not going to be any private lenders going to do anything with you in any capacity... remember those books are just ideas and maybe someone gets lucky but its not the norm by any means.. they are selling dreams..

Hello Raul, Great job on getting the lead.

Either way I definitely don't want to dig down, that's not a cost we could absorb now as plenty of other things need to be improved first. 

I interpret this data to mean that Cumberland is undervalued, given all the improvements that will finish in the next 5 years.In Cumberland, they're constructing more highway lanes, more road lanes, Google Fiber, more apartment buildings, more office buildings, a big live/work/play (The Battery Atlanta), and last, but not least, an iFly.

I work a full-time job in the restaurant industry, which I would love to get away from because I would like to spend more time at home.

I don't need friends who just want to cry on my shoulder but won't lift a finger or change their attitude to improve their situation.

Back then, you could take the check ed Mcman sent for$ 6,000,000  to a lender,  have no job and a 500 credit score  and get about a million,  albeit,  at 10%.  

I am sure some of the hires are getting on the job training or recent graduates of trade programs and may not have a lot of experience.