The area is very depressed and I was leaning toward a new construction for the space.My mouth hit the floor when he stated that to purchase the lot with him would cost me $2,500.

Clayton, you took the words right out of my mouth.. . . adding to this:doing a master lease with an option to a widow, or disenchanted landlord.

YES, believe me, myself and I am sure everyone has been in situations where its easier to point fingers but at the end of the day if you can say its my fault for not doing this or for doing that, I feel you can be a happier person and easier to work with.

A single person by themselves making 3x the rent is much different than a young couple with two toddlers making 3x the rent...one mouth versus four mouths on the same income.How is the income to rent ratio figured "per mouth to feed"?

In fact, I generally require that my borrower's have been rejected at the bank, because they are then a lot happier about a 10% interest loan!

Thats awesome.Remember, never look a gift horse in the mouth.

Arrgh to being so "cutting edge" and winding up with a kid cracking his skull and facing a lawsuit (thanks Joel Owens); and secondly, discovering the expense of polishing concrete.Im looking at vinyl plank wood flooring, now.So rather than running off at the mouth-revamping my question.What you folks put into your rentals, that your tenants cannot destroy?

I exited stage RIGHT in 2007, and have never been happier.

All of the numbers are word of mouth from my mom and my lawyer speaking to the builder on the phone, nothing signed yet.

We've constructed and begun work on a massive marketing campaign consisting of direct mail, newspaper ads, magazine ads, internet marketing, business cards and pamphlets at local businesses, cold calling, walking around our neighborhoods looking for properties, and word of mouth and bird dogging.