You are not a sophisticated investor and  the numbers simply do not work and when a new roof, or other major expense pops up, and it will, you will regret having not sold.

And many times when I am out your way and talking to local investors and then pop up on the phone pictures of houses in Palo Alto that sell for 2.5 million its like OH shoot I can buy a 80 unit apartment in Ohio for that money.. 

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

I would personally get a small mom and pop management company but if you can find a reliable cleaner and handyman who will go to the unit at a drop of a hat for you by all means give it a go.When the condo is ready have photos done.

The residential home in CA the inspector charges $350 a pop.

OMG, I don’t have a creative/artistic bone in my body.....but looks like all that furniture came from random LSD themed flea markets. 

I saw the property pop up on the MLS.

Popped up on the MLS.

I have been doing direct mail marketing but keep seeing a lot of REOs pop up.

I'm seriously considering purchasing a home and popping the top.