I'm ready to rock 2015!!!

Once the framing is done, then once the plumbing, electrical, and insulation is in, then after the rock and paint are done.... its a lot of steps but it should keep small chunks of money going out instead of a large percentage upfront.

If there are really four legal units, it might be OK.Watching HGTV is NOT a good way to get educated about TV any more than watching Star Wars is a good way to get educated about science.Here's my quick and dirty analysis assuming four units per building:Propertyprice: $200,000 rehab: $0 rent/unit, monthly: $600 units: 4price/unit: $50,000 gross rent, monthly: $2,400 gross rent, annual: $28,800 cap rate: 7.2%Financingdown%: 20%rate: 4.500%amortization, years: 30down: $40,000 loan: $160,000 pmt, monthly: $810.70 pmt, annual: $9,728.36 total cash investment: $40,000.00 Analysis with property managementexp ratio : 50%NOI, month: $1,200 cash flow, month: $389.30 noi annual: $14,400 CF annual: $4,671.64 COC: 11.7%Analysis with self managementexp ratio : 36%NOI, month: $1,536 cash flow, month: $725.30 noi annual: $18,432 CF annual: $8,703.64 COC: 21.8%

Thank YouReal Estate Rocks

Rock bottom rents, massive vacancies, tons of board ups, drug activity, violent crime, etc. 

I'm looking at Little Rock, Memphis, and Houston.

Its like pro sports or being a rock star.

- Little Rock, AR 72204I'm in situation where the turnkey management company that I've approached is claiming that this property is a solid neighbourhood, but of course I'm taking it with a pinch of salt.

The numbers are decent, not rockstar but enough that everyone is happy and I can sell the house to a rehabber.Today I happened to be driving past the property in question and I see a red, a blue and a yellow, papers on the front door.

I have been fortunate to have learned many things because of my experiences in real estate and know a great deal. having said that though there are many areas where I am dumb as a box of rocks or do not posses certain skill sets and this website allows me to find my complement(s) and I am really grateful for that so I wanted to say personally thank you to @Joshua Dorkin for not just having the dream but also the fire to take initiative and make it a reality.