Don't compare yourself to others, particularly the self-proclaimed geniuses online.

Hello all, I just purchased a property that is in very bad condition and will require a full gut job. 

Look at online reviews.  

Specifically anyone who has purchased in the last 12 months.

So this is very Interesting I recently purchase 4 properties in Alabama area and I now have to wait 30 days before I can quit claim them into my company name.

One big benefit for you though is that there's a good chance those lots have appreciated since purchasing in 2020, and there's a chance you may be able to sell and completely recoup your costs and permitting fees, pending specifics.

@GravityPropertyManagement Purchase: $310,000Rehab: $350,000Gross Income Annualized: $100,800Appraised Value Post Stabilization: $1,010,00Cash Out 70% LTV: $700,000

I purchased a somewhat run down vacant auto repair facility with all equipment in tack for about $115,000 in 1981.  

I just purchased my first rental in the area.

Lately I have gotten more and more familiar with purchasing properties "Subject to," and I like it.