I will say, if you don't mind going in to some of the rougher areas of Baltimore and Hagerstown, MD you may be able to find distressed product around that price point, but I'd plan to be in around at least $30k to $35k after some rehab. 

Yep, there are definitely outfits that do that--you fund the rehab, have to wait for it, then wait for tenants, never mind the much increased risk in doing it that way--but there are plenty who do it how you want them to.

You can actually beat the 2% rule if you don't mind dealing with a lower income area.  

Nevertheless,  I asked this gentlemen of he wouldn't mind looking over the numbers I had wrote down over and over and over again.

It is always great to meet others of like-mind and communities like this to learn from others, and potentially aid others along the way is a great thing to find.

Brent - ThanksDoron - I will keep that in mind    . thanks  

Drawing equity as a beginner, maybe the simplest (And most cost-effective) approach.As your experience and network expands, you'll learn other financing optionsI'm sure there is a ton of info online (and on BP) about getting started flipping.

Getting that experience and peace of mind is invaluable, but I'm sure you know that already. 

Hi everyone,I've been listening to BP for awhile and decided to see what online content there is.

If you don't mind my asking, how were you able to buy those apartments every two years?