@James Wise I am beggin ya buddy, you gotta get the crew to put a new intro on the show introducing "The World Famous James Wise, as featured on Netflix's The Patriot Act with Hasan Minhaj".

For the convenience of others, here is a link that will take you directly to the file (you must at least have a free membership to access the fileplace):https://www.biggerpockets.com/files/user/CedrickM2/file/famous-four-analysis-january-2013-2020

@Joe VilleneuveThanks Joe, I understand leverage, ... and how it decreases monthly cash flow which was the goal of the original post unless I misunderstood it.

I've been in turnkey world since 2011 (since other people are mentioning turnkeys) and Memphis has been one of the most famous turnkey markets all the while--and I've never been a big fan of it.

International deep pockets are always looking for opportunities to play in U.S. market.They famously overpaid and ended up selling at big losses.

My goal is to help others successfully invest in real estate not to have a hospital wing named after them but rather to allow them to to have the time and financial freedom to live their dream life......however they vision that.....for me, it is not the lifestyles of the rich and famous but rather the Good Simple Life.....being a good husband and father, contributing to one’s community, enjoying time with the people who mean the most to you....

@Andrew Fidler FYI, Council Ludeman amendment to eliminate dust wipe is misunderstood.

Again, in our case, it is all about communicating with an investor on the front end for what they can expect and being transparent about how we handle scenarios that may not go smooth or as expected.As for real value, so that I'm not mis-understood, there is real value to a higher-end renovation.  

I am assuming you are not licensed but maybe I misunderstood...Did you put the property under contract via your agent and then assign the Purchase Agreement to the buyer (i.e. wholesale it at a higher contract price)?  

Jessica Lynch being the most “famous”.