A typical "C" class property in Indy will rent for $750-$800 and sell for mid $50K to low $60K.

The US Dollar is backed by the productive capacity of the US economy which is quite formidable producing roughly 20% of global output...

These are for mid range homes in DFW area with ARV $70-$90k and rent $900-$1000.

I totally agree that a good option agreement would contain all of the terms of the purchase agreement.In California, as you likely know, that would be a formidable task given that the standard lease option agreement is 2 pages long and the standard purchase agreement is 8 pages long.I think we are the same page inasmuch as all the terms of the purchase must be set forth at the outset of the agreements as opposed to leaving it to chance that buyer and seller will agree to all terms at the time of purchase.My concern is why that topic is never broached where lease options are discussed.Again, Bill, thanks for your input, I appreciate it.Steve

There's nothing like total immersion to become Baptized as a landlord IF you're willing to tackle the tasks at hand.Here's what you'll need to do in short order:Crash course on landlord/tenant laws in your stateSet up (separate) systems for marketing for target tenants, screening/vetting prospects, easy rent collection, bookkeeping, contractor/handyman management, etc.The three best educational resources I can offer:Fixer Jay Decima, of 'Tenants & Toilets' fame (lower-end), Mike Cantu for mid-range tenant management, and David Tilney for the higher end of the market.

Rick,  my experince in Atlanta started when I made about 15 HML in 07  ish  they lingered we could not get paid off and by the time I foreclose on them my HML that I thought was well protected at 65% ARV  was now totally underwater... we were loaning on 125k ARV in the 75k range.. only to find the homes by 2010 being crushed in value and had a hard time selling a few of my OREO's for mid 30s  On a trip out there to look at them first hand I just was amazed at the value compared to the other 12 markets I worked in..

More and more foreigners are investing and it's practically impossible to find a interesting deals that are not "on plans" - delivery planned for mid 2018 (the earliest).Would love to catch up in Barcelona in May and discuss about that in more details ;-)

Most homes that are in this neighborhood that are not updated and in need of repairs are selling for mid 200's.

Current tenants have never had rent raised.Leases:Unit 3: One year; expires August 31, 2017Unit 4: (did not scan; at home; will send this evening; pretty sure 1 yr lease ending summer/fall 2017.)Unit 5: 6 month, expires June 30, 2017 (just renewed)Unit 6: 6 month; expires May 31, 2017All rented.Asking price $135K2016 (est) Repairs: $1,100Improvements: $1500Rental income: $18,000Annual recurring expensesWater $840Trash $912Snow/Lawn $750Property Tax $2,700Insurance $2,100Rent (@ 100% occupancy)Units 1 and 2: $12,360($515*12)*2Units 3 and 4: $12,600($525*12)*2Total rental income at 100%: $24,960Improvements to units 3 and 4Roof 4 yrs oldNew toiletsHot water heaters 4 yrs oldFoundation drain installed both units 3 yrs ago; warrantied for life; transferableNew rugs; walls paintedImprovements to units 2Foundation drain installed unit 3 summer 2016; warrantied for life; transferableNew carpets and paintImprovements to units 1 and 2New roof scheduled for mid-January.I would appreciate any thoughts.Bill

You can count on up to $1K savings for mid-priced SFR in Cumberland County just in taxes.