My brother and I are doing a reno where we plan on popping the top on a ranch built in 1950.

There's a search option by either owner's name or address and I just plug in the street name and all of the houses on that street pop up.

This is just a theoretical that popped into my head, but for those markets where rents are relatively low, would it be reasonable to take on a tenant with the typical one month's security deposit, but in addition you add $50 or $100/month to the rent to build up the deposit till it hits two month's worth?

The snippet that pops up is below.

For duplexes, I remember seeing a couple properties pop up last week around there in the $180k asking range with market rents that may get you to the 1% rule.

I see them pop up in Como too

A couple things pop out to me.The first thing I would change is the equity.

Cash doesn't change the market price of things.it gives you an edge in negotiating, because you can close faster. it allows you perfect liquidity when deals pop upcash is absolutely king because of it's flexibility.

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

Loopnet isn't going to help find that 24-unit tired-mom-and-pop-owned property in need of some TLC.