I am looking into buy and hold but just trying to nail down the entire strategy.

There was a teacher at my high school who was tough as nails and didn't have any patience for kids screwing around.

Told him that the city would nail him if he did't keep them mowed and they are an hour and a half from him and farther from me.

The closets in the bedrooms have sliding doors and the bases are nailed directly into the concrete slab.

Unless I could nail down the ARV to the very upper end of your range, I wouldn't consider this a very good deal.With a $425K purchase, $75K in rehab and likely at least $60K in fixed costs, you're all in for about $560K.

It's a function of how active or passive you want to be.It would help you to nail down what type of investing you are going after.

@Al Williamsonhit the nail on the head though, it is determined by your market.

I know there's a cap on the rent increases depending on what the owner pays for, but how do you determine the base rent you're allowed to charge?

I think @Jeremy Baker baker hit the nail on the head.

i have a 2yo, so i am prepping for him hammering nails in about a year or so!!!!