That remarkable 3BR 2BA brick SFR (built in 1948) with half bath in the unfinished basement boasts over 1600sq of habitable space. 2 car garage, price at only 77K.Based on the comps in the area I think I can sell it for around 135-140K when done.http://s994.photobucket.com/user/roundrock1977/library/bellwoodI realize I do everything wrong here : the property does not pass 70 rule, I buy for too much, I buy from MLS as opposed to from home-owner or wholesaler..but it offers an excellent learning opportunity...at a moderate risk . there is potential to make rental out of it for 1500 a month if everything else fails.

The local banks can't touch this kind of set up and terms.Another option if you want to go after the ultra small apartment buildings is to partner locally with someone there who already has substantial deposits at a local bank and needs a cash partner on a deal.

Of the ones you mention, FL is really hard to get positive cash flow because of ultra high property tax and insurance expenses.

Maybe we can actually boast the guru life!

these things are ultra local and change with time. you have to be prepared to pay the $4K, but there is absolutely no reason not to seek to have the taxes reduced by whatever mechanisms and avenues the taxing entity allows.

I'm having a difficult time deciding between Allure and the click vinyl planks like Ultra.

Then there's the airfare boast (old commercial when agglomerators (expedia) were just getting started): Whatever you paid for the trip someone will always boast they paid half that;-)4.

Get in the way of progress - In a student rental area, especially if the school is expanding its enrollment - which that information is normally boasted upon at the schools site.

most markets 25k profit deal with 100k in is ultra competitive.

In fact I recommend financing every chance you can because of the ultra low interest rates today.To Ali's point about "broken appraisal systems", it has to do with the local market and lack of good comps, not so much with it being "broken".