I told him that his rent would be raised to market value--high level of market value for the condition of the house - in 30 days

Turnkey or fixer upper? 

On paper it looks like a decent deal and would cashflow very well without leverage and then very little depending on the level of leverage against it.This week as I was looking at other properties in the area I found a sudden glut of rental properties in this town.

Just like with football, which I played at the collegiate level, you need to get educated.  

. *** Taking it to the next level: What if I used my collateral assignment to JV deals.

My opinion:A C corp is definitely more appropriate for an enterprise level company with multiple shareholders, executives, a board of directors, etc...

I like sperling but not sure how reliable it is at the zip level.

Bottom line - its kind of a street rat culture, lots of low-level hustler types who like to post checks to their social media, rent flashy apartments, and other silly stuff, but the good ones do well.  

If you were to study their cells at the molecular level with a electron microscope you would see miniature piles of beer cans ,random trash and tiny junk cars in their nucleus.

I've heard that sometimes units are painted over and so there is residual amounts that need to be remediated but when the crews start cleaning the levels get worse and it becomes a full gut instead of just a cleaning.