Over the long haul, you will incur at least 10% of your gross rents in repairs which in this instance would be $140 monthly.

For instance, the week after July 4th, is, according to this index, the height of interest in the market every single year.

i painted the place myself, using spill paints..for instance, they had nasty dark purples and greens fora few bucks a gallon.

We just get mad when they don't squander it in OUR DIRECTION.Milton Friedman the famous economist once said - and I paraphrase-"If the US Govt. took over the Sahara Desert, in 6 months there would be a shortage of SAND"I remain forever a fan of Real Estate,Rob ElyREauthor

I have seen some instances though where if you belong to a credit union or the area is more suburban to rural the big lenders won't lend there.In those cases the local banks who understand the small market and will take the risk are the best choice.

I wouldn't look at the total amount only but the quality of the property.For instance I wouldn't buy an 800k property just because that was my plan.

For instance: I have 2 in the pipeline with BOA.

For instance: If I had 15 ft of counter space at $36 a linear ft that was 2 feet deep would cost me $540.

From what you say, a section 8 is carefully regulated but in this instance it seems it wasn't.

Do you need to pay a mortgage originator to handle it, for instance, or keep your annual deal volume below some threshold, etc.?