Reality is much different than what they often teach .real estate costs money ...alot of it and it is risky .i loved Roberts books but some of the things he discussed for strategy are just flat out BS .

Upon walkthrough of the units there are two tenants that in my eyes must go due to the current living conditions they put themselves in (spliced an extension cord to install a chandelier above the kitchen sink draping it over the kitchen blinds).      

Not sure OOS turnkey in a market I know nothing about would be my choice if $20k represented a large part of my world.If I was sinking a ton of my available capital into a basket, I'd want it in a basket I knew well and I could keep an eye on.Anyway, I'm also considering exchanging some into a new OOS market. 

Usually, D location properties look great on paper but the higher vacancy, credit loss, and repairs keep reality well below pro forma.

Now that you mention it - I did discover a cracked pvc drain under the kitchen sink.

What tactics or negotiating strategies have you successfully used to get a seller to bring down their sale price expectation? We are exploring a current apartment opportunity but seem to have a 10-15% price difference...

Hello,I got my offer accepted on a residential property, placed the required deposit and I ordered my inspections.The house was advertised on MLS as being equipped with A/C but during the inspection it was revealed th...

In reality though I was talking with my bank that is funding this.. and we will do 2 starts every 2 weeks.. up to 12 specs.. then pre sales don't count.. that's how you move through these in a timely manner.. our capacity right now is about 30 houses in a year.. in this market.. in Charleston I can do about 7 to 10 and in Indy I have 5 or 6 for this year.. all on lots we own.. no chasing down the next beat up old house  LOL  .. now of course this is much harder to finance than flips every HML and their brother wants to do flip financing to get a bank like get  or a HML which I get in markets that my banks don't serve you need STRONG balance sheet NO leveraged to the eye balls. 

I put a wow factor that is cheap in the kitchen,  a single italian glass pendant over the sink. 

Obviously the more money you sink, although rents might be slightly higher, your cash on cash ROI goes down.