We rent from RedBox ALL the time, it is very convenient and much much cheaper then Blockbuster.

I received the full $600.I ended up putting it in a penny stock...I figrued it was free money...might as well gamble a bit.WWEI....crap little stock but swings in predictable cycles...at least it did over the summer.I couldn't have gotten luckier with my timing bought at .06 and sold at .18....went to .20...now its back down.Litterally like going to vegas.So I tripled the money to 1,800.I kept 600 in my trading account.

Though the 50% rule is quite good and convenient, I would rather project possible rents and expenses under different economic conditions (say expenses range from 40-60% or the property appreciated/depreciated from -5 to +5%, so that I can have a handle on the range of possible values.You are correct in that cap rates are not relevant in finding the market value of a SFR.

so if his bank calls the loan due because he was taking my payments and gambling with them instead of paying his mortgage I could be stuff with paying his bank loan off quickly?

Branson is growing leaps and bounds due to the new landing and I am watching for the river boat gambling boats within 5 yrs. ( yup, been defeated once but I bet they try again.)

The tenants I want expect basic conveniences on site.

If you don't know what you're doing, it's a complete gamble.

If you guys don't know what I'm talking about, here is the site for your convenience: www.palmpictures.com, still though--I don't know what to do???

Something to be said for letting the listing agent gamble and spend money to sell your property.

However I also wrote in the lease contract that the refrigerator, washer and dryer are there ONLY for the convenience of the tenant and will not be covered by maintenance.