If I could get the bank financing, I could buy 5 properties in the market I am in and all would generate 25% cash on cash returns after a few months of renovations. With the scale I could hire full time staff and centralize laundry.
And before anyone jumps down my throat for this, it would be a social good in this particular market and help the local housing market (there is a surplus of housing and ample very affordable housing, the problem here is lack of jobs)
And if anyone thinks this would be a soft option, it would be a lot of work and a lot of responsibility and a lot of value added.