Those types of fundamental changes could make it impossible to generate a positive cash flow in the rental business and would necessitate selling.When to sell becomes a much more difficult task if you're speculating on appreciation, especially if you buy a property with negative cash flow.

Drenda, I love your name, it's unique.

Each market is unique so I'd check out your local real estate club and see if anyone else is having success flipping properties in your particular area.

Unlike smaller ticket price items that have some standardization, SF and small MF housing investments tend to be very unique and dependant significant investigation before purchase--combined with the price tag that niche does not lend itself to online marketing--too few numbers of potential buyers.Potential buyers/investors are most likely already close by, interested in the market and able to act quickly.

Roof walls and foundation secure.YOU can change rent rolls more easily than replacing electric systems,,,say knob and tube,,,or even ungrounded,,,not an easy task in say masonry construction.BIGGEST issue,,does it meet all building regs,,,if there is a minor fire even, a small incident and they red tag the building its a bad deal.

I value my time at about $400 per hour, so unless a task would cost more than that to outsource, I just hire it out.

It's very simple to set up a VA for the daily tasks that don't qualify as being your "Highest and Best Use."

Taking his wife to dinner not withstanding.I do wish he would capitalize on something he has the most unique qualifications and position from which to do.

I enjoy the creative outlet of rehabbing and my strategy has always been one at a time unique properties with higher end detail, and always sold fast and above market value.

I can tell you that one thing that helps me is using the "Tasks" function on my phone.