>Buy the worst small apartment complex in town
>Slap a fresh coat of paint on it and clean up one of the units so it looks OK in a few photos
>Get investors via crowdfunding
>Get them to massively overpay
>Charge exorbitant property management fees
>Sell the property once you've bled the funds dry
The only problem is that if it works you can't do it again
>>1370560
>Sell the property
The company is used to work for just kept the properties as part of their portfolio. Walked in and bought a failing property, sent our team(in house renovation crew, got paid a fraction of the cost of a real crew and were criminally unqualified) in to slap a new coat of paint on it, then added it to their list of "luxury apartments",
>>1370622
Last thing I want to do is run a dump of a rental property.
>>1370719
Sure, I understand that. Don't even know why I chimed in really, the shitheads I was working for were on a completely different scale.
>>1370622
How can you be unqualified to paint some walls?
>>1370560
>tfw you will never be a slum-lord
>>1371712
Dealing with those kind of tenants would be a fucking nightmare.