And of course, there are the high bids that are predatory in nature, overdoing things or just overcharging for whatever they propose to do.

Just the nature of a multi unit is a higher priced investment, so you immediately narrow your buyers because it takes more money for someone to buy it from you when you're ready to sell.

Ironically, you need a very strong partner for the Bank to have enough confidence to not make any natural person sign..

If you raise the rents enough though tenants will naturally move out when the place gets tired and your rents are high.In a strong market like we have you can do major improvements and change the type of renter you have.

It's also human nature.

When it comes to purposely leaning heavy on what was previously an indiscriminate, free-flow of clearinghouse dollars, something of a higher bureaucratic nature is abrew.

@Michael Lauther & @James Vermillion I am rather cheap by nature so I don't want to give away 8-11% of my profit margin for someone to manage rentals that have had long term renters in them.

Back to my point, the discussion and request seem to be very broad in nature opposed to specific, which I think also illustrates a lack of acute understanding of those attempting to engage in a discussion about notes.

Then again, I don't like any natural oak except flooring.

Jonathan look up the taxes and divide by 12 to get monthly tax costs.Look for the HOA docs to see if there is an assessment and how much.Usually if you find a listing on MLS in that subdivision there will be some houses and it will list association dues monthly or yearly.For instance if taxes are 1,000 and HOA 1,500 then you have about 208.33 a month in costs.If you buy for 4,000 and hold for 2 years you have to get at least 9,000 in 2 years time to break even and even more with closing costs etc.That money will be dead not generating a return for you.You also need to know the soil sample and build ability of the lot.This will be a factor from who buys from you if they want to build a house.On the MLS you can see what developed lots are selling for.Is this lot developed and cleared with pipes sticking out of the ground or does it still have all the trees and uncleared and ungraded in it's natural state??