Washington Federal Savings has not asked for any reserves and the underwriter was pretty quick to send the loans for appraisal so I will cross my fingers and see if I end up signing papers on the two cash out refinance loans on these fully paid off properties.Home prices in Salt Lake city are dropping around 1-2 percent a month at this time so we are in the throes of the real estate price crash.

For example, one of my hobbies is salt water aquariums.

I am a newbie as well but have done about a months research here and learned a ton just started submitting offers and finding sellers so take what I say with a grain of salt.

Above $177k - No Go.They go by adjusted gross income (AGI) I believe - Don't believe it matters where the income comes from.I'm not a CPA, so take what I say with a grain of salt.

Take this advice with a grain of salt- house is on the market 3 days now so it maybe a totally bad idea all together.

Take this with a grain of salt but I have always heard Rockford has a decent amount of crime.

Hello, from SLC!!! Are there any other members that are in SLC!!! 

My questions are is this a current good percentage amount for Salt Lake City.

Our new rents are now $1200 (renting out to a family on the non-renovated side) and $1800 (rented out to singles on the renovated side).Purchase Price on November 18, 2015: $280,000Down Payment: $19,600Previous Rents: $960 and $1040Renovation Costs: $21,000New Appraisal on July 17, 2016: $350,000HELOC: $65,000 at 4.25%New Rents: $1200 and $1800.Cash Flow: $1400/monthMy wife and I are pretty pumped now and are closing on a 4plex in Salt Lake City, UT next week!

So, take that advice with a grain of salt, as I am yet to officially invest in a rental!