Those numbers are obviously better, but there is a pretty wide range between $1,200 and $1,600.

I should be closing on my first flip in San Antonio in a couple of weeks, so by all means don't consider me overly experienced ;-) That said, we picked up our property in the $50-60K range, and it is now under contract in the $130K range.

Most of my clients are purchasing them in 2 to 10 million range.8 capdebt fixed for 10 years non-recourse at 4.65% with 25 to 30 year amort.Creates going in cash on cash of about 12% with national tenants and some mom and pop mixed in.

Yes, he can buy, take title and sell Sub-2.If I were to say that pigs don't fly on their own and some dimwit said he had flying pigs, there are some people on here that would agree with him simply to disagree with me.So, Grant, not only did you get my opinions wrong, you were not correct and didn't even stay within the strategy asked about and you had to do that in a boasting manner while misstating my past remarks and intentions.

I would be interested in hearing what you define as a high-priced area, as my contention is that most properties (esp condos/town homes) in the $90,000+ range, provided they're well-maintained, would generate significantly greater cash flow as short term/ vacation rentals than traditional buy and hold long term rentals.

My apologies, but I just couldn't let Bill's condescending remarks stand alone.

As a buy and hold guy I use a rent number to back into a price range but always qualify my offers by saying I need to see the house.

I did compile nearby properties with pictures showing there are only 1 property sold in that range in the last six months but that one has new kitchen, granite countertop, SS appliances, new hard wood floors, new windows with accordian storm shutters etc etc etc...and this one is 1955, unchanged.

Like two different 1-2 hour windows (and try to cluster them as close together as possible within the range since the 1 person that can only make it 30 min after everyone else is about 18,000x more likely to be a no-show:) ).

Stay in a range where agents still actively SHOW IT or you're dead.