One developer though has successful purchased and reinvented some huge mill structures in a viable way and continues to make news with purchases and plans for these buildings.

After successfully managing a few SFR's, then what?

and others say that the price is the price.Are these kinds of deals just dead in the water or has anyone had any success sending off an estimate of the true value based on actual expenses?

By Matt's logic and the 1/100 rule, in theory, I more than doubled my chances for a successful deal.

One topic that jumped out at me was McElroy spoke about in order to run a successful business you need to install systems, but what I want everybody that view this, is to list every professional you will need in your real estate business.

My recommendation is to find a successful investor in your area and "team up" to benefit both of you.

it's great to see someone in a similar situation successfully doing what I'm setting out to do.

I hope as I become more experienced I can successfully delve into things like rehabs and multi-unit housing, and my ultimate goal is commercial property, however that is way down the road.Luckily I have, IMO, a good network going.

. :-) I wish you success!

If you dont get the order correct as @Jessica S. and I have learned the hard way, it can be a pricey and unpleasant learning experience.Much success to you!