I'm wondering the same thing Mike.Wouldnt the logical solution be to try to work out an owner financing deal with the seller so youre putting some money down and still have money to make repairs, Then find a buyer and seller finance with him, preferably with a move in fee to recoupe the repair/any holding costs etc. and by doing so you wouldnt be renting the home you would be selling the home.

We didn’t like those markets mostly due to the crime index being well over 500 in each location and relatively low appreciation over the last 20 years.We came down to Killeen, Phoenix, and Boise as (for right now) our top 3 markets based on a variety of stats but mainly population growth, household income, and home value growth.Our next step is now reaching out to agents in those locations and running analysis on a variety of multi family properties in those locations to try to find a good deal to start making offers.Would love to hear your opinion if those are good logical next steps and any ideas/thought you may have here.Our goal is to purchase our first rental property in this quarter (Q4 of 2021)!

If it is as good a deal as you think it is, let logic take the wheel and invest.

The Jacksonville market is appreciating right now so it's logical to assume that you'll be able to improve the rent (assuming then property's condition supports it) in Feb of '17 when the current tenant rolls out. 

My niche is Las Vegas, and living in southern california, it was the logical choice. 

Clearly that logic was silly, and if I pride myself on being conservative with real estate, why wouldn’t I take that same approach with my other investments?

Education will provide you with logical thinking ability and if you choose right career path, then the income from it will help you propel your RE career.

Logic says that, as a group, they would be better off then where they are today.

Even if they got the home done it would be a wreck within a few years and rents would be very inconsistent to non existent given the tenant matrix in those areas.. not what Morris states on his website that D class tenants are just happy to have a home and are thankful to you the big investor for providing them a home.. nothing could be further from the truth in any of this. the Model is broken and those who invested in it just did not realize the reality of it or the logic.. they just figured a 50k home would be as good as a 100k home.. 

I can understand your logic and reasoning for quitting.