Looking at other listings, it appears that it is priced well, a little lower than other comparable homes.

We even have brand new homes that cash flow more, due to the fact that the builders offer a much lower interest rate.

Also, do you tend to give lower rental rates in the winter months?

Checking in with the BP public on this...wife and I just bought and moved into a SF this May at 6.812% and the monthly payment (4319 all in) is pretty painful. Put 10% down on a 650k sale price. PMI is surprisingly ch...

I noticed some people in this thread turned there nose up on section 8 and lower class neighborhood rentals but in Detroit THE ONLY way to go is section 8 and anyone that tells you different when it comes to Detroit is totally full of it and getting less than 1/2 of market rent if there lucky.

Being able to help someone who was going to walk away with nothing, and there was also lower cap ex.

I'm wondering if there is any way that I can refinance to a lower monthly payment in a way that makes sense.

Preemptively talking through issues that may arise (lowering rent, no payment for the month, big maintenance item, accounting error on your end) helps build that.Bring options to the table and educate the owner.

If you're at or near an increasing tax bracket, it could make sense to contribute to the 401k just enough to get your taxable income one tax bracket lower. 

For lower sale prices you might see them have a flat fee minimum perhaps something like $2500 or $3k. 4.