With a few minor upgrades, I'm pretty confident I can get 1k for each unit.

While using an FHA loan, is it pretty typical that the first year will be a loss while focusing on the longer play?

I'm pretty new to BP as well :)  Keep in mind that some Big White properties can have ridiculous strata fees for a two bedroom condo ($700+/mo).

I'll use myself as an example.I wouldn't call myself a master salesman (not in-person, anyway) - but I am pretty good at finding properties at a very, very low price.

I’m guessing it’s impacting your state of mind, your sleep, maybe your health.

Seems like everyone is pretty skeptical about Detroit later.....just seen on BP podcasts

We're actually pretty good friends.

I can’t speak for Raleigh specifically but $850 seems like a pretty reasonable price.

It's pretty run down..

You clearly didn't understand what you read....Here are links to the COURTS decisions (AGAIN, the GAO is not a court...these two links are actual court decisions).http://www.uscfc.uscourts.gov/sites/default/files/...http://www.wifcon.com/cofc/15-78.pdfFrom the article you linked, clearly in one of the first few paragraphs for you to see:Interestingly, the Court of Federal Claims disagrees with the GAO’s reasoning in Sea Box (and, presumably, in Peers Health, as well).