It is not often (in fact, to my knowledge, not ever) that you will find an event of actual pure education and networking with actual real life investors who do this for a living.

Joy are you trying to buy residential houses to flip or hold as a rental??

I hope you'll find as much joy and knowledge from BiggerPockets as I have!

The only way to really take risk on these buildings is to assume you have a solid set of bones or go by outside condition and figure everything inside needs to be replaced. running numbers on anything but this would be pure un educated gambling.

I'v always thought your basis was purely purchase price/acquisition costs.

The joys of buying at auction and getting a QCD....but, enough of that.

Hi,My name is Joy Garnett.

This is purely personal preference, but I'd probably wait 6 months before raising any rent, and then just do it one tenant at a time (based on their renewal date or something) so if they do leave, you won't be faced with 4 vacancies :) Also - I would find out how much you can really get for rent from these places (maybe place some "test ads" on craigslist and see who calls, and look for comps, as you have.)Good luck!

Sure housing can be manipulated to some degree, but it's based more on pure supply demand.

But, to say that I get much, much more joy and satisfaction out of coaching and mentoring would be an extreme understatement.