Not exactly the nice profits my partner and I hoped for, but this is not a normal rehab.  

By keeping bills relatively low, we don't have to worry as much about falling behind when we have a spell of rain or snow that causes him to not get his normal amount of hours.

If I have a tenant leave mid lease I will start marketing the property immediately or in my normal fashion depending on notice.

Its not like a normal situation where you can say well it needs new plumbing furnace roof etc... because the seller will say yea but you can rent it out as is ...

I just wanted to reach out and see if that was normal for a 3 family or for rhode island.

As @Greg Wake said, mostly North and SouthWest.

I've been at 1.5% with condos... but I would generally not recommend that kind of investment as B/H.You can find 2% rule properties here in Wake county, but it is a lot more difficult now that a few years ago.

Buying an existing note from a broker doesn't normally give you an opportunity to initially meet your borrower, a total non-starter for us, and investing in a mortgage pool doesn't give you the safety of being named on a deed or note.

it's worked well for me in the past as a policy and seems to get me 20%+ more rent then the market would normally bear.

Not the normal birch/maple veneer like inside the rest if the cabinets....Unless you did an accent color and the picture just doesn't show well.