Just don't get caught by the slight inflation this summer's lack of inventory has produced...  

They could list it on the MLS but that usually produces low offers.  

This can be something fairly minimal, so long is it produces legitimate income that you report on your taxes, such as with a schedule C.  

@Amiee ThompsonWelcome to BiggerPockets, the site I consider to be Best for Real Estate on the web. 

Make sure you run your scenario by your lender, instead of just relying on your interpretation from HUD's web site.

@Megan Bridgette,My past experience was with HUD homes and it was so long ago that these web resources did not yet exist (early to late 1990's).Today, I would use Zillow for comparables so I would have an idea what to expect before approaching an agent for a CMA.

We have had other candidates who say they are self employed but our process requires tax returns - although we have had a couple who could produce the appropriate pages, most of them go on to admit they don't report it and thus are unable to verify the income.

It seems unlikely to me that paying retail for a rental property will produce great cash flow.

My interests are not only limited to real estate, anything that produces income will intrigue me.

Here is a blog where I wrote about a recent 42 unit we bought and did creative things to add value. https://www.biggerpockets.com/renewsblog/bought-multi-million-dollar-apartment-complex-age-26/Just a few ways to produce ancillary income:- Laundry Coin laundryDetergent/laundry essentials in a vending machine in the common area laundry rooms.Rent individual W/D to each unit-Parking Garage parkingCovered parkingprime spot parkingJust plain old charge for parking-Renovations Interior units upgradesCommon area renovationExterior upgrades for curb appeal-Vending machines In common areas such as exercise room, pool house, laundry or leasing office-Trash pick up service In high-end buildings they have a service where you can set trash outside your door and for a fee maintenance will go around each night and collect it so the resident doesn't have to carry it to the dumpster.