Getting a contractor can be extremely frustrating especially if you need to make an offer without even looking at the property.

As you guys know, this market is extremely expensive.

Gary, I have done this technique in the past and would tell you it is extremely effective.  

Its an extremely basic deal that I wanted to use to kickoff my portfolio despite it being 1 unit when I wanted 2-5 units per acquisition.

However, the attitude one encounters from all people reading his work that (thankfully) fades within a few months after is one of extreme-ism and pride. 

We found them to be extremely reasonable.  

Cash flow is extremely hard to come by around here (everywhere right now), but these numbers look pretty decent ($250-300 "pure" CF, depending how you cut it), even after accounting for $900/yr. in flood insurance (owner currently pays $800). 

Housing prices depend on a number of factors, including inventory, but also the ability of folks to pay...on purchasing power and incomes to service housing loans and rents.

I’m a power engineer who’s designed, and trouble shooted systems large enough for oilfield facilities.

CoC return is a great way to highlight the power of real estate investing when using leverage since it is a return on your cash invested.