http://finance.yahoo.com/news/Geithner-faces-sluggish-apf-15419661.html?.v=6

Let's hope someone explains to him that he needs to pay taxes on rental income. :roll:

This was basically the first domino that fell in the current credit crunch.

I just researched the market, properties, and crunched a lot of numbers.

I am just looking for some website to look for the average mortgage rates in my area, so I could do some number crunching.

On the flip side, if I get wind that someone I am working with, spending lots of hours with, doing research for, crunching numbers, making phone calls on their behalf, running around town for, and they are also working with another agent(s), but has no problem burning up hours of my time???

From my number crunching based on the limited info, $70K initially seems high, however $40K you mentioned seems low. $50-60K sounds more "ballpark" if your paying someone to do the work.Number one, most subs will be reluctant to simply patch or fix up a roof or hvac.

Frankly I'm too lazy to run the numbers again (anybody want to crunch the appreciation rate on that?).

It definitely maximized rents and helped try to relieve the housing crunch. 

@Robert Skruhak yea you're going to have a time crunch trying to 1031 into multiple properties.

The property is located in Manchester, NH and crunching the numbers yielded an 8 cap after factoring in vacancy at 5% (though the average across the state runs at less than 2%, and in properties we manage at 3%), 5% for repairs & maintenance, 5% for future capital expenditures, and 10% for hiring a property management firm.