After analyzing 40-plus properties, even with rent savings, the IRR barely clears double digits unless I assume major appreciation or an under-market buy. 

This means you better have new windows, doors, vinyl siding, LVP flooring, composite porches and no bare dirt anywhere.   

.$3K in fees = starts to feel borderline—especially if you just want a clean exit.Under $15K Gain:We’ve seen people skip the 1031 altogether because the tax savings barely outweigh the hassle.3.

Maybe it's just me but I'm noticing a lot of people in their 20s that have barely begun working but hate their jobs and want to "retire early", FIRE, "passive income", financial freedom, or whatever social media gurus are posting.

If your budget is $250k that will barely be enough to build one of the homes (in my area it wouldn't be enough).

Quote from @V.G Jason: "you're buying barely-desirable property(likely above market rate)"This is a bold assumption and a big dump on his parade.

Or you know its bad and you're trying to sell someone a deal they will barely make money, breakeven, or lose money on.No respect for either one

DSCR and hard money can both be powerful tools, but they come with very different lessons:For DSCR, the biggest takeaway I’ve seen is making sure the property comfortably covers the lender’s ratio requirement—not just barely.

Better to own fewer but better properties with less vacancy and more appreciation that 50 midwest crapboxes that with maintenance and vacancy barely break even.

The owner was definitely doing the bare minimum when it came to the upkeep of the house.