Congratulations once again, Joseph, and I wish you the best in your real estate investment career.

Those doors and trim that look good enough to keep when you first walk through a property in bad shape will look pretty rough once everything else around them is new and/or freshly painted.  

Wow the situation with this freakin guy has gone from bad to worse .. he sure talks a big game on his videos , then dupes people into buying slums in a war zone .

Is this a bad idea?

I have always been very frugal in my life and studied up on personal finance once I began my career.

Feel free to PM me.Congratulations, Dustin, and I wish you a ton of success in your real estate investing career.

Looking at this property in Riverside and here is my analysis. 8377 Cypress Av Riverside 92503Lets say I purchase 400,000 The actual rent on it right now is: 550 + 1100 + 750 = 2400Expenses (monthly)Repairs: 50Taxes 366Insurance: 100CapEX: 100Total Expenses: 616Loan20% down, 320000 loan30years @ 4.3% Mortgage: 1139Cashflow: 2400 - 1139 - 616 = 200 monthly Cashflow ROI: 2.61%Just looking for some feedback on this calculation, it looks like it isn't that great of a deal since ROI is only 2.6% but it does cashflow, so it can't be too bad. 

I'm in a career field where I am likely to have multiple NCR assignments, and have many friends and colleagues there, so I should have some advantages finding quality tenants (possibly myself if I catch another assignment in the area).Budget: I'd prefer to keep it to a no down payment VA loan, which caps me around $680K, but I could put some additional down if i find a particularly good deal.Area: I'm targeting a SFM home  or townhouse in Arlington, Alexandria, or Falls Church (short commute to Pentagon and FT Belvoir), which I can rent easily to upper end military families or local professionals.

While taking the house itself I had mentioned to you that to get the carpet changed in the living room as its worn-out and when I took the house carpet and deodorization was in bad shape.

It's not a bad plan, but you should be able to buy one in a park for closer to 15-20.