I easily make $5k on my cheap homes because I'm double siding it.

In my experience with lower end rentals you can easily exceed the 50% rule because it often costs the same to fix an item in a $400/apartment as it does in an $800 apartment.

You should be able to find a older cash flowing property in MO pretty easily.

I don't think there is any restriction as they can lease a property but you may never track them down if they split nor could you get them in court very easily.

The reason they could do this so easily is that AAA ratings were given to mortgage pools that were comprised of a significant amount of individual mortgages that would not have been rated anywhere near investment grade.

Also, at those rents, a tenant could easily do many months of damages.

I typically use a $30 vanity light from Home Depot, but you could easily triple or quadruple that.

If you want to sell the 100K property, you can probably spruce it up a bit and sell to a retail buyer pretty easily.

A savy flipper however should be able to match those returns pretty easily.

If you walked away from every house with foundation issues in certain areas around Dallas,,you would never do anything,,,foundations really aren't scary,,now many I walk away from, but many are easily repaired.