My calculations show your just barely not breaking even at $532 per month going out.Do you have any reserves built up?

I am new to this so please bare with me.

Whenever I tell a Realtor what I want, the so called "deals" they find are at market value...of if they're below, the price of the repairs will take it up to or past market value...hence, no profit.If I have them find me a rental, they always show me a negative or barely break even situation, and I have to explain that I'm looking for 1.5-2 percent of the sales price gross monthly income.

I can give 20 minutes of ANY Day 2 returning phone calls4"damage control" or whatever...then go back 2 vacationing w/o the worry of "what's happening w/blah,blah,blah, & have a BETTER time Relaxing...that's just me.Hoping I planted a seed that will help the neighborhood & rehabbers(&U of course) prosper in Your future;& in finality(absolutely SHAMELESS Plug here) When(not if) the borrower calls up so excited they can barely speak that just found 750 acres for $25M that they can develop into 1 acre lots for $75k per lot, they just don't have the 20% down & 3-5 million 4 infrastructure & marketing....call me, 24/7/365.

Real estate barely keeps up with inflation...

It just barely cashflowed.

Built in 1955 and from the looks of it, the people must have wanted to live in a time capsule because everything is very 50's. 2 bedrooms, 2 full baths, 2 half baths, formal dining room very spacious kitchen (pink tile though), unfinished basement, ranch style on a 1 acre lot.

The basement is down to the bare studs and everything has been fogged.

:badwords: :oops: please bare with me ..I just noticed that there are dates on the posts.

I'd be happy to get into more specifics on a private basis, but for various reasons, right now I'm a little squeamish about baring too muich of my soul on a public forum.