Over a few years capex exceeds cash flow - you are looking at a very deep money pit.You can tell also by the fact that these properties will often sit many months on the market while a 300k duplex sells in 2 days with 7 offers to local investors.

If their system has been down for more than a few days, they should have found a work around by now.

Hi @Sunny Karen, Truth be told, cash flow is tough to find these days in Tulsa.

It rented my first day live!

The builders first response was that we had to deal with it + get retested if we wanted to and if we wanted to push closing back we would have to pay $500 a day.

Hey Jennifer, I actually work with a company that does all of this.We (essentially) wholesale deals to OOS investors, connect them with our contractors, manage the rehab for them, and have a property management division as well.It's the whole A-Z operation and we did 200+ deals last year and more than 1/day this year.I'm not pitching you at all.

I always hear " If theres no cashflow, it's already a bad deal." but at the end of the day I will still own a piece of RE  that will hopeful bring decent cashflow and good equity.Another idea I had is to do a Live&Flip.

If you're running the numbers as a midterm rental, I recommend you start by looking at properties listed on Furnished Finder and also look for 30+ day stays on Airbnb as a starting point.

@Kristoffer TierA Notice of Default (NOD) starts the foreclosure process, three months after the NOD is recorded a Notice of Trustee Sale (NTS) is recorded, 21 days later that the property is sold at public auction to the highest bidder. 

I disagree with your version of events but your feedback and experience with us is relevant.This was beyond our 30 day full guarantee and satisfaction policy when we were informed by you of your demand for something outside the contract well after that period.