And those are the types of houses that are extremely difficult to get the discounts most investors need to make the numbers work.So, for me, I think those are the issues I'm seeing with your proposed model and possibly why you're seeing the cash flow numbers not looking so good. 1) You're looking for stuff too new and too nice that you won't be able to get the discounts most investors need.2) Without the discounts, it makes it really tough to cash flow right.What I would say is you either need to adjust your model or get creative in finding the discounts.

I strongly advocate Detroit but even more Strongly advocate against buying Turn Key properties and most other models people are trying.It takes more than a property manager to be successful in Detroit.

Taxes, landlord (un)friendliness, and the aspirations of owning in the Northeast make deals hard to find.

These are the 3 basic models we use. 1.

I'm an aspiring investor as well in central and northern New Jersey and plan to get my license this upcoming year.

I believe the signs are related to one of the RE guru's courses which is a pyramid model.

I alway stay away from the condo buy and rent model for all of the reasons stated above.

I have very high aspirations for my RE goals and I use my business as the vehicle to get me there.

Heck it's a GREAT business model-- sitting all day long in a stream of rental cash that is generated from the cash fountains in the pockets of investors who are obligated to cover every hiccup at a property with major surgery.  

That said, we have begun mirroring bed & breakfast models for financial record keeping, and I think that will help us refinance in about six months... time will tell how that goes.Also, JD mentioned "set it and forget it"...