For instance, I thought some of the purchase price for the properties were way too high above retail, or the rehabs weren’t very nice and didn’t looked rehab at all, or they were renting at well below the 1% rule etc.I took a look through Antoine's inventory and found the purchase price of their homes were in my sweet spot: $60-100k in markets like Cleveland, Memphis, and Birmingham.

However you will give up potential upside if the project goes well.

They are both a stained brown it seems and have held up fairly well over the last 30 or 40 years I'd say.

A cash out could very well be 50% to 70%, (or they may not do cash outs) depending on the lender so you'll need to ask and shop  around.Each property must be appraised and title insurance obtained on each, so you're not saving much in loan costs except they may close as one transaction, filing fees will be applied to  each property as well.

I think relationships with the owners are very important as well - the more you can developed a relationship with current owners the more likely they are to "help" a newer investor as they feel (in part) like they are paying it forward.

I've been using AirDNA, BnBCalc, and Rabbu for help analyzing as well.

@Navjeet SinghBased on what I was reading there are a lot of other complaints as well which is, the assets are very illiquid and if you are buying such a minor interest in the LLC the.

It's still not easy as competition is very strong as well.

This is a nice building where everything works properly and the exterior is well taken care of. 

I mean its easy to get a building permit in small towns in texas , but never encountered this before owning the land.I own several lots in this particular town but they are not issuing any new water meters until their new water well goes online which wont be until January.