It's not perfect, but it's better than a SWAG (Scientific Wild A$$ Guess).

It may take quite some time to gather the capital, find the perfect house and execute!

We opted for PF Changs on Sunday for lunch.One last lunch gathering would have been a perfect way to top off the awesome weekend!

I do just fine reading books/study material to get me started but being hands on is where I absorb and perfect

Perfect property manager?

If all the systems and mechanicals are old the repairs will eat up any expected returns for years if things go perfect with your tenants.The key question is if the previous owner did a lot of deferred maintenance and kept hoarding cash instead.The HOA doesn't mean anything.They can go defunct or increase the dues or add special assessments.I like to keep control of my investments so do not like deals like this where you are betting on an external party to maintain your property.

Sold for $79,000.2) http://www.zillow.com/homedetails/381-Fountainmist-Trl-Lawrenceville-GA-30043/14803863_zpid/ on adjacent street. sold 6 months ago for $950003) http://www.zillow.com/homedetails/1524-Watercrest-Cir-Lawrenceville-GA-30043/14803791_zpid/ 500 sq ft smaller, but supposedly in "perfect condition" according to the ad.

I definitely agree regarding finding the perfect in-between.

The $50 faucet to the $500 faucet example is perfect.

And you don't want to provide the perfect opportunity for that!