here in Pittsburgh for example, you can buy properties in OK neighborhoods for $50-60K that need $80-100K rehabs. 

For example, if you have no experience in land development - that is extremely complex and risky compared to owning NNN rentals. 

For example we are lenders and buy notes and we use madison management out of nevada.

For example, in California, we have earthquake and foundational issues.

A good example is Best Buy.

South America and Central America are good examples. 

For example if they leave in the winter, I need to ensure the pipes don’t freeze.

It never ceases to amaze us how at one for example, we peak at $400/night with solid 5 star reviews.

For example, I have an account set up for each of my rental properties.

I would say the cash flow would go up every year and that would usually be the case but my son will be moving into one unit probably for just the labor to rehab the last unit (collected rent will go down for a year).After that rehab is complete, at market rent I would have about $8k/month cash flow with underwriting that most would consider conservative (for example $1200/month allocated to maintenance/cap ex).