crap I just wrote a long response and the site went down so here is the crib notes.1. ton of competition for investor dollars so investors look for highest returns and work backwards.2. sophisticated investors look at returns as a function of risk.3. less experinced investor tend to be bigger risk takers.4. to raise money one needs verifiable back ground and a deal that is simple to describe.

Quote from @Jaron Walling: @James Hamling I recently watched a video loosely describing what you talked about.

I’ve been focusing on the Midwest myself and have seen a lot of similarities with what you’re describing—good entry prices, strong rental demand, and plenty of value-add opportunities if you’re willing to take on full rehabs.

Then again, purchasing a true "turnkey" property means you are typically paying a higher premium in exchange for someone else delivering you a cash flowing, low maintenance asset.I would gander to guess that 99% of people do it the latter way you described. 

The kind of arbitrage you’re describing hasn’t existed here for years.That said, there are solid opportunities in Indy if you underwrite deals with today’s pricing, rehab costs, and ARV expectations.

@Mohammad MuradBased on what you’re describing, you could potentially deduct your W2 and 1099 income if your wife qualifies as a real estate professional (REP) under IRS rules.

@Jake Baker also goes great work if you are looking to outsource. 

well I have seen predatory.. this is described by folks selling homes that are worth 30k to someone else for 90k  and having done NO WORK  thats predatory on its face.

However, if you agree to payment on the 15th and that does not happen, you can't agree to another extension - at that point you have to follow through, otherwise you have just demonstrated that you are a pushover and you will be taken advantage of.You can also go to your favorite AI, upload your lease, describe the situation and ask to consider Colorado landlord-tenant law before asking your question.

Can you describe 'real value'?