I don't think I'd have any problem attracting quality tenants.The contract is for $92,500.

Now, you must still have what the folks are looking for and be able to write great ad copy to attract them.

Once my reserves have increased I will branch into other acquisition strategies.Thanks for everyone's warm welcome!

Therefore how do we show the increase of the monthly rent without looking like we are a property management company?

Another thing I find interesting that seems to be missed here....When Joe the Plumber's taxes are increased - who do you think is going to see decreased profit in his "flipping" business when rehab costs increase?

If it's a cheap production home, it likely only has one color of flat paint throughout, cheap carpets, etc.After you consider all the costs it would take to complete the home, the price may not be as attractive.

When you factor in time - and that your mortgage payment remains static whereas rents increase - the balance swings even further towards ownership.So my question is: why do tenants pay such high yields rather than buy the property themselves?

Since affordability is increasingly becoming a critical issue, I want to be able to pass on the savings to homeowners.

The increase in cash flow will come back after the next the acquistion by adding it to my current holdings.

I manage just under 40 properties and had more problems with software than with the properties as a whole.Reasons I was attracted to/liked Propertyware/Buildium1.