What they really mean is they duct taped the property and did some cheap crap like carpet, paint, and few knobs and fixtures.The roofs, plumbing, electrical, lead paint, asbestos, failing windows, old a/c units etc. can eat you alive in future expenses.I don't drink the cool aid.

Curious if anyone has any strong preferences on this subject, or if this is purely a number/neighborhood choice for you all.Maybe I'm biased, but I've always favored SFHs in my analysis, but i'm wondering if I should take another look at MF.

Anyone wants to meet for a drink or coffee this weekend or know of a meet up, let me know.

Partner provides a purely financial input, downpayment for conventional mortgage, rehab costs, closing, holding costs. 

I believe that is one of the best ways to get started with investment properties because in most cases you can qualify for owner occupied financing which is more favorable than purchasing a pure investment property. 

I realize from a pure financial standpoint that may not be an optimal decision, but on the other hand if we have to put $2-3K over the next few years to buy OUR ultimate house, is that really a bad idea?

I am thinking something girly but also something that guys would like to come and get drinks at. 

Because it's at a lower price point we hope that we could even pay it off sooner and collect $2K+ a month in pure cash flow.

If you are looking for pure rentals and rental income, your best bet is Greensboro or Winston Salem in that order in my option. 

This is not easy though since there is tons of competition.80% of my purchases have been done in multiple offer situation, since 2007.Next month I will do a pure flip , I will try to get 25k net minimum after commissions.