perfect.

For this property in this neighborhood, there just isn't alot of perfect tenants. 

Whats worse then finding a deal that you pay a little more and still make money...or always trying to finding that perfect deal but it never comes I believe in 100 per door 

Ultimately, I think Alex and his team stand behind their service and their products; they don't claim to be perfect, they tell you where to expect some uncertainty, they seem to improve in response to feedback (e.g. they ramped up the number of leasing agents they had as soon as vacancies started creeping up a bit, etc.).

Unless I can find a different law regulating those pre 1977 buildings, then yes, what I propose is in fact most likely perfectly legal for a building built before 1977.The reason it could be illegal also has nothing to do with being considered a utility, it's because state law specifically forbids that in residential units.

So, let's assume I'm perfect at estimating rehab costs and at coming up with the ARV.

J laid it out perfectly, the money partner is the one with the considerable risk in the deal (especially if he is guaranteeing any additional debt!)

Working from home, managing it all, while checks come in (in a perfect world, right?).

If you are a Board memeber, then I would use the CMA that is part of your MLS, and take classes at the local board from beginner on up to perfect your abillity to truly do a comparative study. 2nd , and as a Board member I might use toolkitcma.com as a program to automate the search and reporting.

If you're not willing or able to work thusly, you should probably just invest in other areas that truly are "passive" e.g. stocks/bonds, etc.Yes really, she's a terrible tenant who got great service from us and who moved into our freshly rehabbed home that was in perfect brand new condition.We go the extra mile to provide a top notch product and service but there are limits on how much time can be spent on a passive investment.