A lot of what newbie note investors are buying are still these 2005-2008 vintage loans that were high LTV, high DTI and low credit.  

Realtors/agents/lawyers can all be there too, but this seems like such a faux pas.Am I wrong?

That is because if the property just barely keeps up with inflation, you need to sit there crossing your fingers that CapEx costs dont eat your hard earned cash faux 5 or 10 years from now.Here is another way to look at it.

So forgive me if I make any faux-pas.  

With all new stainless appliances all from the same brand and vintage in most markets you can charge a premium for rent and recoup that additional cost pretty quickly.

Finance your house, car, boat, motor home, carpet, furniture, jewelry, HeckI even saw an ad to finance a safe!

PAINT A FAUX WINDOW on the wall and then frame it out with molding-- add sheer curtains to the window to make it look more real also add lighting to pictures hanging on the walls ________________________ [LINK REMOVED]

When we purchased the home it had Barney purple carpets, purple walls, purple marble in the front entry and faux Grecian columns.

We plan on renovating the bathrooms and replacing all bedroom carpet with hardwood or faux-hardwood tile.Even after finishing these updates to the house, I don't think it will have appreciated enough to refinance (thinking BRRR).

@Eric Munson  that's about right on price and rent might be a tad high based on my lending experience in Deltona... most wholesale deals are 40 to 60k but those are 3 bds and same vintage of course.. but the 0% and no money out of pocket are a super way to buy.When I had my unfortunate experience of ending up with a couple hundred SFR's that I foreclosed on I sold many of them with 0% interest.. of course we got monthly payments and higher than normal the homes were negative cash flow for the buyer but they were free and CLEAR in 3 years... so it was a win win