“If you want to increase your success rate, double your failure rate.”- Former IBM CEO Thomas Watson

Failure to cure will result in eviction. 

There are never full photos of the mechanicals and basement and roof line so you will never have even a bare inkling of what the potential repairs will be.

I found out the failure rate is 95%. 

Opting for mid-grade materials will help stretch your budget.Structural/Mechanical: If the home needs a roof, HVAC, plumbing, or electrical work, that can take a big bite out of your $50k fast.

I’m looking for mentorship from other investors in this forum to help me identify deals, help avoid common pitfalls and learn from failures. 

I would like to know more about ways to use OPM  The only way to determine if the home is going to cost you a lot down the road is by determining the age of the mechanical systems & if the structure of the home is sound. 

Quote from @John McKee: What are your successes, failures, and aha moments?  

@Jay Chung If the mechanicals for the duplex are in the basement it may be better not to give the tenants access.

Quote from @Alex Silang: I've been thinking about this for awhile but unsure how the exact mechanics work.