Remember, in this model, you are planning on holding on to these properties as rentals so pay now in quality, or pay later in headaches and repair costs.

I might have got it from decades ago of listening to Nanci Griffith and other folk troubadours.)In case you wanted just a touch more detail on why pre-approval is not so bueno on VRBO (but for me, is fine on AirBnb), here's my old post on it:https://www.biggerpockets.com/forums/530/topics/1223156-less...That 72-hour hold bites.

Imagine having a singular tenant paying $1825, covering all utilities, and holding it down 4, 5, 7yrs. 

Jeffrey:I'm connected to a large group in Indy that focuses on buy & hold SF and apartment (commercial) residential real estate. 

We could build larger, but there will be less Buyers and the home can potentially sit for longer and holding costs get expensive.Not saying building larger is wrong, but just giving you our reasoning for our home size.But I do 100% agree with you. 

Buyers don’t care if you shelled out more on the rehab, if you’re priced too high, you’ll end up sitting on the market way longer than you want, driving up holding costs.Lastly if your buying on market, REO or Corporate sellers are dominating and not as willing to negotiate as owners would.

I prefer buy and hold.

Purchasing a “distressed” property and “repositioning” it requires significant capital for improvements, build outs, holding costs, maintenance.In looking for that “needle in a haystack” slam dunk great deal you’re competing with very knowledgable, greatly experienced investors with the cash to make no contingency offers and close in a few days.  

Now they want me to send a picture holding the check that was technically my money from the start.”Reading this it made me wonder why he would ask for a picture for the refunded check.

I’ll admit the fear of failure and unknown holds me back regardless of goes many articles or reports I read or deals I look at.during this search hundreds and hundreds of ads come through for training/mentorship style groups.