I did the work, stabilized the rentals and now have a nice little asset that I constantly get inquires from other investors begging me to sell it to them at 4x what I am into it for.

If your investing approach is to only buy new or pristine homes, generally you’re forgoing immediate positive cash flow for the hope of appreciation 15-, 20-, or 30-years down the road and mortgage-free rental income.

Feather in your cap if you can name the song :)That's really all anyone can do.

Just like all other countries that have great social programs that rack up massive amounts of debt, they can't go on forever and when the song comes to and end, things come to a crashing halt.

If I was trying to cash flow Minneapolis Suburbs I would be singing the same song.  

.$12,000 investments are a Siren Song for amateur investors.

@Douglas Furia - Hi Doug, I use a local agent here in Toledo - same guy for going on eleven years.

Thanks for going into the details, of which I'm sure there are many more.

this subject has been talked about a bunch on BP.. why do people sell cash flow assets.the argument that they must be selling the dogs and keeping the good ones is not reality.I have been funding turn key companies for going on 20 years now.. they sell almost all their properties.they are in the business of buy rehab and sell.. they are not in the landlord business per se.. now some will have some properties but its not their goal to own hundreds of homes.. its hard to finance all of those first off.just like me who builds new homes why don't I keep them all.. well because I want to sell them that's my inventory to sell just like anyone else and I make more on one sale of a new home than I would with 20 years of cash flow at 200 a month.. so its what I choose to do..

Clayton there is a Paul Simon song   50 ways to lose your lover.. well in rehabbing houses there is 50 ways to lose your money.Even though you may get some savings on materials with a builder account like we do.. the real savings is in labor and doing the job right the first time and time efficiency.. if your rehabbing lets say 20 to 30 homes simultaneously  IE pretty standard production line for a above average turn key outfit.. the homes are in various stages of course..