Take your pick of mean or median income, depending on statistical distributions and what-not - but that is what the cap on rent will be.

However, if you were to look at statistics, you would find that this is only partially true.

You read the unemployment statistics but until you see the effects of the economy for yourself you really have no idea!!!!

As far as flipping strategies buy right and then also price correctly when you sell.As a real estate broker new product doesn't come on the market every 30 days it comes on the market every week and sometimes daily.Knowing that what buyers want is the best product at the most reasonable price.They don't want a crap hole to live in just because it is cheap.So when rehabbing if your budget is stretched pick 2 or 3 things that will pop and catch the buyers eye that say QUALITY.Also in this market a price drop every 30 days won't cut it.As a broker we know from statistical data that 85 percent of activity occurs in the first 10-14 days on the market.If recent sold prices range from 40k to 50k I want to be in the bottom 50% of list price 40k to 44k with a great product.If I have given it maximum exposure and nothing comes in drop the price every 7 days until it sells.You want to always stay ahead of the pricing curve and chasing the market down.It is the number one mistake made by all sellers.

This particular broker is easily the biggest commercial broker in the area, the local MLS statistics show him having the highest gross sales in the region for the last 4 consecutive years.He said that I may place my license with him and work part time.

Get a Blackberry... either the Bold or 8900 (depending on your carrier).

Also bold "shouting from the rooftops" type marketing is likely to get you into trouble with the SEC depending on how you structure your deals.

Black bold tip magic markers on white poster board.

You won't read great statistics about the areas, but everyone I know who has gone to check them out has ended up buying since they feel comfortable.

We need to view the chicken as a maverick who has a bold planfor crossing that road -- a road that I can see from my house, so this gives mereal experience to answer this question.