If you listen to his words with your brain awake you might be shocked.

I saw the end of one of the episodes and was shocked he spent 65k on landscaping.

I am a bit shocked to see Colorado on the list of places you are considering.

But the deal works regardless of any appreciation, if I hold it long-term (barring some kind of shock or oversupply situation that would push rents down).I could go to the Midwest where I can get higher cash flows, but less appreciation.

I plan on offering him $40,000 based off of the condition of the home and what it will take (my preliminary rehab projections $70,000ish) to bring it back to life.  

So this weekend I went back on Trulia and looked in my vicinity.. and I was in shock when I saw how many new properties were on the market in a matter of a few weeks.If it weren't for your post I would have given up searching around here.

I’ve started doing some preliminary research and It seems like the general St.

I was also shocked to see how close some of these areas are to A neighborhoods where homes are going for high retail dollars.  

I am to some extent shocked outrage does not seep from the walls.  

@John Hodson  I always use 50% as James stated if you do better go buy yourself a nice dinner.. but your not dissapointed or shocked if you set your margins so tight and you don't hit them.There is only so much that can be done ... at the end of the day a poor tenant can throw those numbers right out the window.My current portfolio ( and am liquidating all my holdings currently) has 7 A class SFR's left.