They have always rented them at well below market rate and the repairs were made by the tenants.

What might work well on one street could be a completely different story just a block or two away.

Build - rent - refinance -repeat. in columbus ohio you are buying old houses that are 1900 or 1920 or 1940 and you are in a sellers market. on the other hand you can source land which is a buyers market and build single family homes or duplex or triplexes that will return by renting and pulling cash out on a DSCR loan and doing it again. there aren't a lot of strategies that do this. flipping is different. so many risks. but when someone has a well oiled machine it's all good and less risk.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Follow up outside the activities to ask for business and see how you can serve them as well in their business.Best wishes and good luck.

Hi Derek,Based out of Surrey, BC and thinking of investing in the states as well.

He has Duluth investments as well, and is a great resource.Keith 

$100 a month is not enough for a duplex depending on age.how well do you know this market?  

The property next to me is a 1 acre lot, it has a Well, Septic and Power, but no structure.

Well....