I rented a property a couple months ago and the majority of applicants were looking for 3 bedroom homes.

I've received dozens of calls and inquiries, but thus far they all have either had a very low income (rent would be over 50% of their net income) or they have a criminal background.

.- In no way am I calling into question the business model of TK companies, but have all of the major systems been upgraded?

I have gotten a lot of inquiries.

What are some of the major rehab costs you've run into while flipping or rehabbing distressed properties? 

I use 10% until I have the property inspected to determine the current condition and life expectancy of all major components and appliances.  

A MAJOR reason why most real estate investors fail is the inability to evaluate the numbers correctly and determine if a potential property is a good deal.

Auction.com auctions off Both as a trustee in “court house steps” foreclosure auctions And for reo’s already owned by a bank which is the majority of their listings.As for reo’s, you are typically getting “clear” title but do Not use their title co., the title insurance isn’t really free as they jack up other fees.  

I'm guessing none of you who have replied to this inquiry, actually read it. 

The mortgage would cost you almost twice rents, then factor in vacancy/repair/capex reserves and you are majorly negative cash flow assuming you are financing with a typical down payment.