They rig things and don't replace things etc...Swanny

I just prefer the cookie cutter American Dream subdivisions. 

I got the signed permission and told my tree cutters the neighbor may be poking around while they were working.

I am currently working on a oil drilling rig (I am over hard labor) and want to take advantage of as many conventional loans as possible before I quit this fall.

With the interest rate at 5% my mortgage+ins+grass cutter = $1600, total rents is $3200.

I know enough to tell you where the bad areas are, and how people are investing successfully there, the cookie cutter areas, and the higher end areas where it's an appreciation play.

Structure it 50/50 with your partner or 40/60 if that makes him or her feel better.The cheap way to form the LLC would be to use LegalZoom or some other online, cookie cutter service.

Since oil has dropped below $50/barrel, the number of active rigs has dropped 22% in the last 2 months.

Major maintenance I don't count in the 50%.With major immediate improvements needed your cash flow model will be severely impacted beyond the normal accounted for repairs.Example they could have been running 30% total expenses by managing themselves and cutting every corner known to man rigging their property.Your landlord said he is older and wants to retire from land lording.Now you need to check HOW BAD he wants to retire.Does he want to finance you??

I've also been able to differentiate the price points between cookie cutter remodels with the standard stainless/granite finishes compared to those with finer details, wainscoting/crown/carrera baths etc.