With being literally right next door I would then have a much easier time doing as much of the build myself as possible.

And the acquisition and management fees quite literally won't keep the lights on. 

Here's a Google search with a few thousand examples: https://www.google.com/search?...

There's just so much fundamentally important info about REI that most data don't convey (Zillow discovered this the hard way, when they tried and failed to invest in real estate based largely on data inputs, rather than boots-on-the-ground knowledge).Real estate is literally a physical item, with physical functions, governed by physical realities, and because of that, it can only be fully understood through physical means (seeing properties with your own eyes, experiencing neighborhoods in person, meeting potential tenants face-to-face...or at least on Zoom).

I saw one that needed work and they literally took a picture like standing on the tub looking down in the bathroom with the toilet open and it was not clean it had something in it….

@Nathan GesnerMy realtor advised me not to rent out to family and pay a company to move all the previous owners belongings out instead of me sorting it out which takes months and is costing me thousands in rent.

Rough start as we got into a business we literally had read nothing about, knew nothing about, but understood its mechanics, or so we thought.

Your motivated seller questionnaire can help you land a deal and being squeamish about asking the questions on the motivated seller questionnaire, is probably a sign that you should look for one of the thousand other ways to make your fortune.

So, now you have $125k into a property that's only worth $120k (could be worse--some people are missing their ARVS by hundreds of thousands!).

You can literally find answers to all of your questions within the confines of this site.