Nicer, cleaner, newer homes tend to make less cash flow, but you attract better tenants and when you take pride in your property the tenant is much more likely to take care of the home, and you have less turnover because your whole business model is around benefiting the tenant and they sense this and enjoy the mutually beneficial  relationship.  

Add in drugs and alcohol and even my model will see problems now and then.  

Not much different than a lot of us here aspire to.Hope you all enjoy it!

Most important for me, though is the encouragement I get from talking with others who are doing what I aspire to do from a distance as great as mine and with obstacles perhaps bigger.

And those are the types of houses that are extremely difficult to get the discounts most investors need to make the numbers work.So, for me, I think those are the issues I'm seeing with your proposed model and possibly why you're seeing the cash flow numbers not looking so good. 1) You're looking for stuff too new and too nice that you won't be able to get the discounts most investors need.2) Without the discounts, it makes it really tough to cash flow right.What I would say is you either need to adjust your model or get creative in finding the discounts.

I strongly advocate Detroit but even more Strongly advocate against buying Turn Key properties and most other models people are trying.It takes more than a property manager to be successful in Detroit.

Taxes, landlord (un)friendliness, and the aspirations of owning in the Northeast make deals hard to find.

These are the 3 basic models we use. 1.

I'm an aspiring investor as well in central and northern New Jersey and plan to get my license this upcoming year.

I believe the signs are related to one of the RE guru's courses which is a pyramid model.