My turnover in Troy varies with the neighborhood- in the desirable areas(as a real estate broker, I can't really say what or where a desirable area is,) I can't even calculate turnover, as some residents have kept their apartments since I completed the buy/rehab process- sometimes in excess of 5 or 6 years.

:)PS: I will be wholesaling the properties, not fixing them myself ;)You will struggle doing anything successfully here in the US from AustraliaI tried and lost hundreds of thousands $$$ and that is why I moved hereEven to this day, I loose my A$$ on deals that are right around the corner from my office.When you have a different accent, many folks here smell blood.Be very carefulJust my opinion.Much success

you will loose your shirt. 

Cars a typically bad places to park your dollars as they almost always loose value.

Enough back story: They aren't excessively wealth but have money to invest..

My mistake was hiring a "handy-man" who took the bowl of the toilet off to remove the wall paper behind it, but left it loose and leaking if touched.

A borrower can always come back with claims of predatory tactics and that they were misled as to their rights of recession and excess equities that may have existed.

Again, I do better for me personally when I do some digging.Warzone properties are 10-20k, unless you're loose with a checkbook and from CA or another high priced market. then you can pay double or more from a questionable TK or wholesaler, but you'll still get about 500 rent.Go forth and profit.

In the 3 months that followed that seemed like a blur considering how busy I was taking on all these projects at once, on top of my normal projects I already had going, we racked up spending amount in excess of $300,000!

Originally posted by @Connor Martin:@Bob Bowling Found some caps listed at >4% 418 West 10th AvenueEscondido, CA 920251116 E Pennsylvania AveEscondido, CA92025 I find cap rates in excess of my cost of capital attractive.