Not to be captain obvious but if it's a hot market these houses go fast.

Like I said, I was also a Captain on boats in the oil field and worked on oil tankers with a Union.

The less time you spend learning the ropes as a new investor, the greater the risk (and vice versa).Here's where I'm leaning towards in my conclusions for our own case, after reading for awhile on these awesome forums, including the replies in this thread.1.

What may work for one person or family may not work for another, and vice versa. 

That's exactly what I figured in that MFH provide less headache than SFH due to the entire investment is under one roof vice multiple roofs.

Sorry I meant easy to go from commercial to residential but hard vice versa. 

I actually just found out that I am now the president of the landlords Association as opposed to vice president!

Looking forward to learning so much more.Standing By.REMAX agent for 11 years.Boat captain since 1991.

Therefore I require all lease terms to match length of orders and the lease terms must also meet my needs.No Deposit without a Signed Lease OR VICE VERSA- Your deposit is your “skin in the game”.

There are a couple of guidelines I've found on the internet that some may use which both revolve around price to rent index (or vice versa).One says if annual rent is >9%, you should buy instead of rent.Another one says if purchase price is 15 times or less the monthly rent, it's better to buy.I've incorporated this into a table along with our own % rule metric investors look at.I'm using purchase price of $100k for easy of figuring.