To me I would think there could be extreme value in a property, that due to its current engineering allows for less than the 2% rule, but with careful and thoughtful reengineering (adding a half bath, closing off a big room to make 2 rooms instead…etc,) you could accomplish that the 2% rule with the added boost in rental income that not everybody would be able to vision.That being said let me pose the question that I hope will initiate some discussion.Has there been a time where you bought a less than attractive investment property and were able to change the dynamics of the floor plan with regards to beds/baths in a way that allowed for a substantial increase in rents?

_______________________There are No Rules as to how you can or cannot structure your creative financing deals, other than what is legal, moral, ethical and using the guidelines found here Creative real estate financing is not business as usual.

I will be keeping meticulous documentation and records of actual income and expenses and want to start the refinance process within the shortest time frame possible so I can cash out my investor and boost my monthly cash flow as soon as possible.

Just got an email that the two largest giants of outsourcing will be merging together.I think there's better quality foreigners on Odesk and better American quality workers on Elance.Hope the technology sees a huge boost!

I guess part of the morale to Charlie's story is to be prepared...

Not endorsing or commenting on "morally" whether or not big investment firms and P/E treat tenants right, but the same happens with individual landlords sometimes.

There are a lot of moral aspects to the landlording life, and it is such an important thing because we have such an impact on people's lives. what are your thoughts on this interesting topic?

Let's face it there is not one profession out there, military included, that doesn't have their share of people with very high moral standings and some with no morals at all.

I think it will boost up your credibility because you're not sugar coating problems the seller may know about.I think you should approach the seller and tell them that is find but that you would like to be there as well.

$2400/$20,000 cash invested is a 12% cash on cash return annually- which may be acceptable, but it ignores the appreciation.If you sell the house at the end of year 1 (ignore transaction costs just for illustration) for $102K - up just 2%, that's $2000 of additional capital gains which boosts your total IRR by 10% up to 22% ($4400/20000 invested).