I can only say I wish I'd listened to his advice when I got similar from my Pop about 25 years ago...

, there's lots of books on landlording so I won't go into a the problems that can pop up, but check your library and/or do a google search, also read everyhing ESPECIALLY THE ARCHIVES on this and other sites.I always forbade dogs and smokers, if it limited my tenant pool I didn't care.

I just thought i would pop in here and introduce myself.

My research on flipping HUDs shows that it's only necessary to "carry it" for 90 days before flipping (and that is only if the buyer is using FHA financing) but really our plan is to rent for a few years as I believe the area will really pop next year when the new tollway opens roughly 1-2 miles away.

I live in a small town in Georgia (pop.10,000) Do you think that I will have a hard time finding investors to assign my contracts to?

If you are looking to buy yourself, then check out sites like this because there are some good deals that pop up.

I could get this done in 3 months tops...I need options..Thanks folks, love this place, it's very informitive..Duples;$27,900 Foreclosed ( asking price )$84,000 current value With a value range of $74,000-$149,00073% owners in area with pop. of 5,849 ( 1 mile )A main street, across from a hospitalCHA-CHING BABY, I just feel it..NorthWestern PA Location is secret publicly :green: Sorry for the babblin

- Wait for the overpriced homes to fall- Wait for foreclosures to pop up like ragweed- Look out of state for reasonable properties- Figure out where growth will take place and buy in the direction of growth

For a quick guess I usually add $100 a month for the rental homeowners insurance which is usually more than owner occupied.4.Assume a really good property manager is 10% of your collected rentThis will give you a good idea of your true monthly expenses (minus misc. expenses that will undoubtedly pop up on buying a resale house being not brand new)Hope this helps.

From the HUD appraisals I've seen, it's still based on comps in the area although this often doesn't seem to take into consideration the condition of the house.I've walked through torn-up dumps that needed 30-50K in work to get it back to normal and I've seen near pristine houses loaded with tons of upgrades for the neighborhood.I occasionally find the perfect storm of well below appraisal and in great condition in a neighborhood I think will pop in the near term.