Look for something with good bones, that just needs cosmetic upgrades (flooring, fixtures, paint, cabinets, etc).  

True there is huge demand but if you are dictated by the government on what parts you can use for surgeries and they cut your pricing to the bone for volume it's not longer that attractive of a profession or many.

Even though we had various handymen to help us with the work, we still did the physical labor ourselves for awhile, until the old bones were causing us to eat Tylenol like candy, then we turned over most of the labor and repairs to our handymen, but the more dangerous Detroit became, the more our handymen stopped working for us, because their vans were stolen and their toles taken, and even one of our men, lost his life.

Giving them a PG of any kind is like giving a hungry dog a meaty bone and you will bear witness to this when you try make any changes, sorry to tell.In my experience, the simplest way to vacate a PG is to restructure the loan instrument.

If someone is broke because they bought a 1,499 system and just by dumb luck finds a great deal then the promoter might be interested in buying the property and throwing them a small bone.

It's great fun working with the great old bones of a 20's bungalow. 

This would leave you with CFBT of: 141.23/mth (1694.76/year), but your cash outlay would only be 14,900 ... yielding a CoC of ~11%Obviously this is greatly simplified, but the bones are there for a descent property ... if you could do something with the paint scheme.

I'm drawn to the bones of this house.

(Apart from the bone of contention that is the disposal unit - which should never ever be in a rental anyway (much like carpet)).

It doesn't matter if you are young or old, totally new or need to build upon your experience.Yes, you have just announced a commitment to the thousands in this community about your seriousness regarding REI and have taken this bold step to affirm it.Your time on this site and with the BiggerPockets community will be well spent and can be financially rewarding if you so desire.You are here at the Forum, but, should raise your mouse to the top and explore the otherheadings displayed.Don't get overwhelmed by the massive amount of data archived on this site.Simply, bone up on the areas that you need to expand knowledge in such as, Forums,Marketplace, Learn, Network, Analyze, Resources.Feast on the Podcasts, #askbp Podcasts, blogs, webinars and the myriad of bookrecommendations.Also, you can review the quick links below to help solidify your grip on this site. http://www.biggerpockets.com/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate SuccessAfter becoming more knowledgeable and confident because of my above suggestions, take action to snag your first real estate investment deal if new or add to your existing holdings if you have prior experience.Don't get caught up in analysis paralysis.You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.Take calculated risks if needed and you shall be rewarded!"