Except you may have to evict on a regular basis, which reduces the net.Tenant Selection Criteria=The kind of tenants in low class property open the door for way more issues beside just the numbers.The only time I buy property in a low class area is if the ARV (Equity has to be substantial) and the cash flow on only 50% of the units meet my ROI.  ...and on a side note, as a Property Manager, you will be charged more than 10% on Class D units (Either in the monthly percent charge or in fees: Trip Charges, Evictions, Make-Ready, Maintenance, etc.) 

As long as they are balanced (depending on your ideal mix), we will keep them forever, or 1031 to another bunch to use the tax write off as long as we can - then pass them to kids with step up basis when we kick the can.We use PM so it's paperwork, regular check in with PM, and once in a while city visit.

I have told her that I will take over the entire mortgage with late fees and everything included and she can walk away from the house clean and she agreed.

If I did, they would say that the couple hours I spent last night cleaning out a drainage ditch in the rain was a waste of time when I could have been watching Mob Wives or some other drivel.

The other test holes came up clean.

I'm ok "risking" a little money to provide them with safe/clean housing if they are will to risk their life for our country

If the title comes back clean your title company or closing attorney will then schedule a closing date and that is when you all GET PAID.

My family owns a 15 story, 54 unit apartment building in Chicago, and our current cleaning "crew" consists of a woman who lives in the building with significantly discounted rent as a trade for cleaning public areas + taking the trash out to the alley from each floor every other day.

I joined PB less than 6 months ago, I was a regular member, I updated to Pro member last night after Brandon webcast .  

Our motto quickly became “safe and clean”, allowing us to stay focused on using the cheapest products available in rehab.Higher occupancy rates.