The passive investor.In many respects the folks on this website would be the opposite of REIT investors.

Easily half the value in residential real estate comes from the fact that you (or, rather, your buyer) can convert that sticker price to 360 easy monthly payments at a fixed low interest rate, it's super important for homeowners to ensure they aren't giving that value component up when they improve or change a property.... you aren't the only person who would LOVE to offer that price, but only if you can convert 80% of it into 360 easy monthly payments.

In fact, the opposite. 1.

A simple cheap homeowner's kit of hand tools usually sold in a plastic-formed case should also be one of the starter components, not the very cheapest ones that don't have an adjustable crescent wrench.

Many investors think they are saving money by not using a Realtor to sell -- usually it turns out the exact opposite.   

Agreed about the contractors - I'm just gathering more info still on every component to try and get the most accurate bid.   

- Okeechobee Blvd and Jog Road.Flips here in Palm Beach County are the exact opposite of what you described.

The opposite is also true.

A few pieces of advice:- if you intend to hold onto these properties for any length of time your property management company will become one of the most important components of your team.

Though if you're active (i.e. if the note is not with a servicer) than you could likely encounter UBTI.I utilize investment capital from earned income almost exclusively into investments with some depreciation component.