Just quality networking.  

I assume 5% vacancy, 7% repair costs, and 7% capex. 

there are no repairs needed on it and it is move-in ready.

A good association will plan for necessary maintenance and repairs and try to keep any additional assessments to a reasonable level.

Now granted, I plumb and wire to code and since it was faster and easier to do it myself, I chose to do the electrical and plumbing.If you have the energy to do 30 in a year, you would make far, far more money with less taxes buying Subject To and selling to tenant buyers who give you 10% down and do the repairs themselves.

Damage would have no effect on my offer aslong as all damages have been properly repaired.

To find quality housing they can afford, most Austin area residents have to look to the suburbs and beyond.

I'm considering a buy and hold or potential wholesale deal in Memphis, TN and would greatly appreciate a second opinion.ARV: $55,000      Purchase price: $43,500         Rent: $775 / OccupiedMgmt: $77.5       Repairs & CapEx: $117        Vacancy:  $64I can get financing with %15 down, 20 year loan, 3/1 ARM, est. %5.6, my PITI is around $406.Rent $775 - Expenses $258 - Financing $406 = $110 in cash flowIt feels a little thin. 

We figured that we had about 90% of the US population covered with the current states, so we decided to roll out, but @Craig Curelop is doing a great job at finding more lawyers, and of course the team here is all working together to make sure that quality is maintained for each new state.

You also need skills in evaluating what repairs are needed, and what the costs of the repairs will be to create a realistic budget for the project. 3.