There will be disagreement on this philosophy, but by taking the rehab to this level it provides higher ARV, higher rents and better quality tenants.  

Sure you could collect some cheap homes in the panhandle, but it's not worth the trade-off in quality of life and experience.

It helps attract business (other agents actually ask for my rental by name) and attracts quality tenants. 

There’s already plenty of information out there and besides, I’m not an expert.BUT, what I am is a beginner who came across a little-talked-about speed bump when trying to house hack a duplex.

What's the best price/quality for carpet for a rental in northern Columbus? 

Many things he is buying he has probably been eyeing for years. 2) Buffet buys equities in established high quality companies (vs class B and class C companies) with deep track records and solid management teams.

Yes, you will deal with lower quality tenants and higher turnover, but the bright side is at least 70% of your rent is covered.

So, it must really be capable of killing thousands upon thousands then, unless (per your comment) you get quality medical care..

v=Ggl72wOwoQEBut I imagine pretty soon it will be very long, stretching for blocks, as things take some time to come back to up to speed.

Rather than broker out the management and pay 7.5% on the 500k gross rents, we are able to get a much higher quality management by keeping it in house.