i've already cut down costs on the property to a bare minimum.

Ultimately, I just want to get my feet wet doing almost anything as I can not afford/bare standing on the sidelines any longer.

However, this levering wouldn't make any economic sense for you if the true net return (cap rate) barely exceeded the borrowing rate.

Brian it just depends on the tenants.I do small increases but not too large.If the tenant has lived their awhile I have to weigh going up 20 bucks a month for 240 extra a year versus them moving,losing a months worth of rent (840) and then putting about 1,000 or more in new carpet paint and repairs.So at 240 extra a year it would take me about 9 years to recoup that money on the unit.It also depends on if you plan holding it that long or not.In my area tenants are barely getting by and lay-offs are happening every month to some.I think right now at least for my area isn't the time to push rent increases strong.I know what you are saying about landlords not increasing the rent for years and years.Some just want full and not deal with the headache anymore.They would rather have full and paying than charge higher rates and have more turnover and struggling from the tenants and more accounting to keep up with at multiple payments per month to pay the total rent.I believe as long as you are close to market rent but under by just a little you are not losing that much.It also depends on how cheap you bought the property.Some buy really cheap and cash flow like a monster because they purchased so low even though below market rents.

This may get a little complicated so bare with me, the seller filed for bankruptcy last year.

.: No older than ten (10) years2) Equity: $30K bare minimum.3) Very little to no rehab4) Must be priced to sell at the tax roll value and no higher.My question is this:"Does this sound a bit unrealistic?"

These sessions won't teach you how to do REI, but they will guide new investors' thinking and help them ask more of the right questions.My wife and I had already purchased a rental property earlier this year (our first) that wasn't getting the CF that we hoped for (positive, but just barely).

I just put some Blandex on the walls and ceiling of a single garage where nothing but bare studs were before.

Bare in mind, banks are not too keen to just take a loss because a borrower doesn't want a property any longer.

Initially I just wanted to do the bare minimum (about 600k) to get the building up and running but the more I think about it, the more gutting it make sense.