Love living in San Diego but want to live near the coast and realize that you need to have some hefty ambition to make that a sustainable reality.  

But, that's it - they "pencil", but in reality, in terms of IRR - they loose over the hold period.  

On the one hand you could look @ the cash flow you'd be loosing as a loss but in reality it's not.  

Jeff S Na  no money does not =  a HML.. only in the puff advertising pieces when you get to reality you will realize you need cash and experience to land a HML from an experienced HML or one that wants to stay in business

We know that isn't usually the case, and that most investors flip houses on a smaller profit margin that the flippers on reality shows like to boast about, and most care about the quality of their product.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

You may miss on some good PMs if you ask too many question and they think you will be high maintenance with a never ending series of questions (even if not the reality).

You were simply just sharing an awesome success story.The reality is that you bought a piece of real estate at a young age, now you have a ton of equity, and you're bringing in some steady cash flow every month.

Be a good reality show!

The reality is most rehabs are cosmetic and few people do it right because of cost.