A whole house full of little items like switch plates, door bumpers, and doorknobs can sure add up.

The house needs roughly $100k worth of work but the ARV is $750k and with the land if I were to buy the package is $1.4.My question is since it does need work (nothing too extensive) but since the guy has not taken care of it or even been there, it needs new doors, windows and there is a lot of marble throughout the house and some spots need repairs.  

For me, I like to see at least $150/MO cash flow per door for any buy and hold investment.

With that being said, the exterior can use a minor face-lift:- paint job- tear down this concrete wall- replace the back gate door (POS wooden gate)2.

hello troy and all BP family. i think i have some answers for you. first let me start by painting a scenario for you. imagine you are a banker. you have just aqquirred several houses thru repossession. all range in dollars owed to your bank from $30,000 to $300,000. suddenly, the federal government has decided that the flood of foreclosures hitting the market is killing the market and they decide to put a restriction on how many any bank can put back out on the market in any given year. so, you get instructions that, of the 100 houses you have for market, you can list only 25 this year. you have 50 houses that are below the $50k level, and 50 that rise above and way above the $50k level. which ones are you going to market???

Santa Rosa next door gives landlords the run around.Investing in low income isn't a bad strategy, and we don't avoid those properties.

Get out there and knock on some doors, make some phone calls, meet with people and solve some problems; don't let fear keep you from your seven figure goal!

The homes in the area are selling over 400K and the house next door just sold for 479K.  

Its a great way to get your foot in the door, so good strategy.  

@Robert Blanchard  apts  100k to 150k a door in seattle and Portland.