Does $600/unit attract the wrong kind of tenant?

But economies of scale is attractive.

There are hot sub-markets and certain price points definitely attract more buyers, but overall it is a great time to be flipping houses.

I currently am renting out my one and only house to a lady going on 4 years this April.  

Seems folks think you're going to paint a master piece with a paint by numbers set.One might know how to pick a guitar but they won't be successful in the music business unless they study music.What is it that attracts real estate zombies, is it the smell of money?

In fact right now we are refi'ing through a 3rd portfolio lender who gives loans based on the asset which is unique.What helped us obtain the refi's I think was our track records and the fact that the properties we bought were good deals and attractive to a bank to refi.

Dangers just outside your doorAntifreeze that contains ethylene glycol has a sweet taste that attracts animals but is deadly if consumed in even small quantities; one teaspoon can kill a seven-pound cat.

However, since my target properties are lower end properties that often requires rehab before I can attract the best tenants at full market rent, I find myself doing a lot of work.  

With the type of profit I figured (about 20k annually) I just don't see the downfall other than the 'headache' that goes along with it.Thanks Jennifer,Thanks for your reply and question.Although I don't know the area you mentioned I have had experience with hundreds of deals in lower class areas (mostly SFH).It was difficult enough managing and collecting rents in these SFH and I couldn't even imagine what it would be like managing a multifamily in such an area.I have personally never owned such a property so I can't speak with full confidence but I can say that I have witnessed many similar complexes become revolving doors over and over again.Investors get attracted to the cashflow potential but end up loosing 6-12 months down the track.

So the conclusion I made was that they took the higher rent potential from the Temple University area property and matched it with the cost of a renovated property in the far less renting attractive area of Southwest Philadelphia.Again I did not intend to speak negatively of ABC Investments however the case study they present on their website is 100% misleading.