Everyone who is just blindly saying you need to fire people is just reacting with a herd mentality with no basis for a logical opinion considering you didn't provide a complete story.What you described was landscaping.

In my market the going rent is $1225/month, so is my logic correct in thinking hypothetically: ARV (for a "deal") must be a minimum of $122500  so (75% ARV) = $91875 (is maximum out of pocket investment, including rehab).

Some have said it means different things to different people...post modernism is persistent, but not logical. 

So, get the house for 70% or less of AS IS value (or 70% of ARV minus repair costs), and you should be Ok.But above is just a math, the numbers, the logical side of it.

Next time a friend responds with negativity out of ignorance, be prepared with a logical, cogent argument as to what value you see in notes as an investment vehicle.

The quantity of units is a logical fallacy.

To be quite frank, who can logically take someone giving advice seriously when they talk in slang, and says to just drop the time you've invested in your IT degree to do REI and that it'll all just be fine because it is fine for him.

Many out of state folks providing in their input here with reasonable, normal logic.

Logically, if you fall into any of these fields, get a property manager:Located far from your rentalAren't familiar with the laws in your stateDon't have a way to properly fill work ordersI prefer going with PM's because they alleviate the stress of dealing with the property itself, so that I have more time to focus on other things (like getting more properties!)

If you aren't getting it from this chart, please explain your logic and how you come to 2%.