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In my area (west texas) you have to look in the less desirable areas to find a house that will cash flow. The rents are way on the low end but so are the values of property. No one in this area could afford 2700 dollar rents, most can't afford 650. I was wondering about all the foreclosures in Cal. that there may be some steals when the banks get tired of holding them?

You could just repair the bottom shelf by placing a new shelf over the bottom one. Leave old one in place and cover it with new plywood. If it is particle board and severly damaged and wont support the new shelf, attach a strip of 1X1 on each side right above the existing shelf and glue and screw to the sides, cut new plywood to slide in on the new rails. Cheap and easy fix. You can even put some contact paper on to Spiff it up a little.

You might want to think about using a piece of treated lumber instead of brick. Like a 2by6 then taper one edge down so that it would be less of a trip hazard. Use concreate screws to hold it down. You can also buy an adjustable threshold to go between the door and lumber that has a rubber seal. Just depends on how much room needs to be filled up.

I love this site. I have received endless hours of advice that would have taken years of experience to garner elsewhere. Biggerpockets has also helped me with my fear of going out there and getting started. I is great to read of others having the same anxiety that I was faced with and how many others have dealt with it. I hope that someday that I will have enough experience to add my 2 cents and help others also. Thanks to all who post to help others. And I hope all have a happy and prosperous New Year.

My first experience with this was totally gross. It took 5 trailer loads to haul off all the trash and junk from inside the house. I bought 2 big brick size mouse and rat baits from a farm and ranch store and put in the house about a month before I started work. Every piece was gone except for one small little square. There was cat and dog poo in every corner of the house. The bathroom cabinets looked like something from a oil change garage. I found a 5 pound of bag of sugar busted open in the kitchen cabinet Hmm that might explain the 1million roaches. I had to use a razor knife to scrape the counter tops and the cabinet doors of all the goo and God knows what off of them. Every door had numerous holes and the frames were all busted loose from the walls. The only thing that was good from this was that my kids got to see the inside and it kind of opened there eyes as to what some people will live like.

What a great post esnuts. I have used these same excuses myself and talked myself out of buying several times. I have had the same things said to me by family and friends and coworkers. I am over my fears and am in the process of buying the second of I hope many rent houses. I am drinking the CoolAid :beer: I think I will copy your post for a screen saver and look at it everytime the doubt creaps up. Thanks

Congrats on 200. I find your advice to very useful. I read in one post that you were 26 years old, That is amazing you are very wise beyond your years. Thanks for your hard work. :woohoo: :superman:

Big Spring Texas

I ran across this site for heating and ac replacements.
I have not ordered anything yet but they do seem to have really good prices. I am going to need a package unit for a rental of mine and I may be the first guinea pig to try it. Has anyone on this site tried them?
http://www.wholesaleac.com/shop/index.asp

In this area I know that Realtors get lots of calls looking for rentals. Get in touch with the person who answers the phone IE. secretary and ask him or her about letting them leave your number. Some Realtors may want some kind of listing info, but in this area it is just handled as strictly a free service. (you know I do know of a guy who does have a nice house for rent)