That's the risk/reward part of this.So for many on Bp who are ascending in their land lording careers debt is mandatory cant do it without .. for those that might live in a fly over state were they area or can buy nice little rentals for 10 to 20k a door.. no problem just paying cash for them and let them stack up.. values never go anywhere and no reason to have debt on them..

I am sure it is a balance between risk and reward.

Too much tail risk in **** neighborhoods to play in, and not enough reward at the end of it to really roll the dice on in my opinion.

Out of the 3 properties you own which would you say has been your most rewarding between NY, FL, and TX? 

@Ayyub Omer: investing is always about the relationship between risk & reward.Market efficiencies eventually bring risk & reward into alignment, where higher risks require higher potential rewards.Instead of debating about whether you should by turnkey or take the other advice offered here and buy and fix yourself, figure out the level of risk you are willing to take on.

@Monica Lauzun Congratulations, and what an amazing reward for all the hard work!

Part of the reward of being a TK provider is looking back at the success of it’s clients and helping those who have some bumps in the road.

But there is another sometime overlooked, yet financially rewarding, market – Furnished extended stays.

Agree with Wilson, Tracy is not so attractive but feels Modesto area still has charm, one more point to note is ROI will not be in new homes but some possibility in 1980s with some TLC.

Originally posted by @Jon Holdman: Meanwhile, back to the question of investing in notes...Yes, back to the notes.Here is what I've gathered so for from this thread:A newbie should not buy a non-performing note as the risks greatly outweigh rewards: the note may be fake, the borrower may sue after FC, etc.Buying and selling notes may require license if the income from this activity grows beyond other income.Deep discount does not mean a good deal as it may be a sign that the seller just want to get out of a bad note and salvage whatever they could.Foreclosure is not as easy as some may suggest and should be generally avoided and only used as a measure of last resort.Having deep pockets is a must when dealing with non-performing notes.