I dont really do rentals anymore, so take this with a grain of salt...if its turnkey there isn't too much of a rule of thumb.

Gene,I thought I would bump this and see if others would jump in with some good advice.Take what I have to offer with a grain of salt, as I have just started investing with my SDIRA in a three way partnership with my brother and dad.

The one I'm part of in Salt Lake City, Utah (I'm also a board member), sells sponsorship opportunities where a contractor (I.e.

If you're the snow contractor, you better be salting and plowing at the first flake.

Since we are not attorneys, all advice should be taken with a grain of salt, a polite thank you and a hug of the still full wallet.According to everything that I have read, the winning bidder is liable for all prior loans (including HOA), current real estate taxes, insurance etc.

I am not trying to rub salt in your wounds, but as a new landlord, I am trying to avoid this unfortunate mess your in.

Jacob, I'm not a Pro, but a Plus so take my suggestion with two grains of salt.

I am strongly thinking of joining one of the local REIA groups here, Salt Lake or Utah County, any suggestions?

For example in Salt Lake City, an old mall was replaced with City Creek Center, a walkable retail city block where a real grocery store is present.

I work with several young investors in the Salt Lake City area of Utah.