This grade of house in urban areas of the south/midwest should typically be purchased for 50-60x mthly rents.

You can set your risk level (they grade the loans) and have a generally high standard.

Both of them pretty well just wrote the place up as "needing up grades".

For a more discriminating buyer, you may want to consider higher end fixtures.On the flip side, for entry level homes, inexpensive contractor grade materials will work just fine.Its always at your discretion.

Ask yourself these questions:How are my grades in school?

Grading issues, water leaks in the basement, water dams, leaky roof, drafty windows, boilers, furnaces, garages, retaining walls, sidewalks, failing plumbing, unsafe electrical, peeling paint on siding, etc....

Floating wood floors maybe $2.50/sf (unless he's given you something other than basic grade), carpet and pad installed should be less than $1.50/sf, and shoe mold at most should be $1/sf...maybe $1.50 if the paint cost isn't included above.

And listening to the podcasts... they're all informative but if I had to choose a favorite so far - I think Karen's story is just amazing.I've worked in the medical field as a hospital pharmacy tech for 10 years, but I've always been fascinated with old architecture, historic homes and neighborhoods.

The triple net properties caps are about a 6 to 9 depending on what you are buying (credit grade versus investment grade and length left on the lease).Debt service is running in the 4's.

Similarly with roofing, grading/excavating, landscaping and other exterior work that can be more complicated during the winter in cold climates.