We invested in a fixer-upper back in January.

If you want to beat 4-6%, you'll have to find an off-market deal or a serious fixer-upper and manage the costs.

At those prices, I'm on the fence and I wouldn't recommend anyone spend those kinds of prices on a fixer upper or rental for granite. 

Hi BP,Can anyone recommend an awesome general contractor in metro atlanta, ga area?

@Adam Mazzochi @David Krulac  I think David will agree that Tax sales are very regional.you have tax cert sales  and tax deed sales then something in the middle.. its far more complicated out in the upper east than it is say in CA were I cut my teeth.. in CA its tax deed just like buying a foreclosure.and now a days you bid on line through Bid 4 Assets at most counties.. in the old days you went to the court house and it would be full.. but the bid process was much slower than an east coast tax cert sale.I have been to tax cert sales in MS for example they will sell 30,000 tax certs in 3 days it goes at lighting speed and there is virtually no way to hone in on one property and buy it..Maybe in your area it slows down and you can bid on what your aiming for..

I’m not risk averse but my wife is rather conservative but she loves fixer upper shows.

The upper floor was basically a very poorly designed quasi open concept loft with a lot of potential. 

Ideally, I'd like to find a fixer upper at a good price and utilize my dad's construction skills and QC network to rehab it into a nice rental.

You may consider 1031 to apartment building or upper class A, B properties where there is less turn over and higher quality tenants.

My current plan is to purchase smaller, fixer-upper type properties (100-300k range) that I can hold on to and rent out to generate some passive income.