That brings up a host of questions:What if I don't like how they are managing the property? 

(Source)*Google Office Building in Reston*Source: Global Tech Cities: Washington, D.C.Source: The Changing Face of the Dulles CorridorSource: Tech Cities: The Global Intersection of Talent and Real EstateBXP had plans approved in 2018 to build Reston Next, a 4.4 million square feet mixed-use development, and one of the first big developments to go up around the new Reston Town Center Metro.

Successful wholesale operators spend $10,000 per month and up on marketing /lead generation5.

Then they need to get cleaners lined up (and they often have several units turning over at the same time, so that takes a few days) and have to do inspections and then fix things.

A follow up question:Is it true that if Monthly rent is >= 1% of purchase price should be considered as a good investment and which does not meet this should not be considered for good investment?

The example that was given to me was that if your property goes up in value $100,000 in a year, you would owe the irs $25,000 at the end of the year wether you sell the property or not. 

Have you done ground-up construction before?

Thank you Theresa, I also suspect that they lied about the three girls who have already moved in, but since they paid rent on time and the property seems got decently maintained (my PM just walk through it), I just want to put up with them, and sign a new agreement which will add the new people in.

Let me know and we can set something up.

Hey guys, I live in Phx,Az , single no debt what so ever, in car sales business (self employed)and monthly I make anywhere from $3k to $10k after everything, experian score is 640, im guessing with that fair score and no proof of income Im looking at a crappy interest rate and big down payment on at least -$300k, here in Az anything lower than that its because it needs re habing and to be honest i dont have no experience whatso ever in that field and dont want to end up in a money pit.