Super user friendly and web based :)

But before they get it rented again, the copper thieves get there and rip and strip all plumbing, all wiring, destroy the AC condenser unit and all in all cause $10,000 in damage, which the owner needs to pay to get the house re rented and they often pay someone to put the house back together again to go into a quick placement of a new tenant and get back into scenario #1 or #2 again.Along about the time the other $15,000 in reserves run out, they decide they have to sell, but the house that they paid $15,000 for has all the damage to if from the first or second break in and is no only worth about $6,000 . . . so as one of the first reply's said . . .as a new investor going into an out of state market with $15,000 to buy a house  . . . at least in Kansas City . . . save yourself the heartache and head ache and set your money on fire.Or save it and do something else . . . . 

Any tips or ideas for BiggerPockets?

In fact, not even sure it makes sense here...For example, 1 bed/1bath is a very limited market to work with which means you can have a struggle trying to move it forward and  the hoa alone  is super high, just these 2 factors alone are undesirable. 

Any advice/tips are welcomed!

I truly envy your skills in construction - they will be invaluable in REI.Do you have any tips on learning basic home improvement / handy-person skills? 

hello everyone,I've recently made two offers on short sales, (they both happened today)as they looked like good deals when i quickly ran the numbers, so i made offers on both as things are going crazy fast here in vegas and i thought it was best to submit an offer then have the option of turning down the deal if it wasn't a good one.after using the rental calculator one cash flows for 90 and the other for 60. and this is without me allowing for cap x on either, the reason for this is that ones a town home and the other is a condo, both with good hoa's, i did allow 5% for repairs which i think is a lot as the condo has just been totally refurbished and the TH was in good condition and I've allowed 1500 for touch ups, so it'll also be like new after I'm finished. my thinking was that this 5% would cover both repairs and cap x as there shouldn't be much in the way of either. is this a terrible idea for me to allow so little for both.i would be waking in with 25k of equity on the TH and thats without my 20% down payment. and with the condo id be getting around 13k.here are the rental calculator results for both-any help would be greatly appreciated!

They aren't super pretty (ARMs with rates well north of 4%... still way lower than HML), and obviously your plan can/should be to refinance into fannie/freddie money the second you're in a position to check the necessary boxes. 

@Sterling Cox Thanks for the tips!

The individual who started the thread did not mention Apple Blossom, but when I posted below, he replied back that the property pitched to him was actually on Apple Blossom.