I agree the 2% rule doesn't apply to areas like Seattle but I'm adverse to any investment that I know will need money invested into it monthly, indefinitley.  

The other reason is that doing a few sales a year doesn’t give you the contacts and relationships with other agents or the experience to handle adversity during the negotiations or after the contract is signed.

I created this discussion to have a central place to discuss issues from buying and/or selling tax certificates & deeds.I am being sued (again).  I sold a tax certificate and now the buyer is saying they didn't un...

He planned his work and worked his plan and then dealt with adversity as it presented itself.

She is risk adverse (but smart, a great saver & frugal) so we played Let’s Make a Deal.

Is it a simple cut and dry process with no adverse affect of taxing?

If you are risk adverse real estate, (especially out of state) is not for you.

there is just a ton of debt you have to take on and as we age we get debt adverse.. now in new construction we take on debt of course but we retire it.and yes its a job.. but when its in the right market cycles boy is it a good one  Can make more on one new build in 9 months than a rental house in 20 years.. so its just scale. and what you want to do .. 

Everyone is a "newbie" at some point, so just dive in and you'll find plenty of folks ready to give back.I'm personally a little adverse to 2/2 SFR (you didn't mention type of property) unless there is a potential to make it a 3/2.If you have a viable tenant and all your numbers make sense, I would advise NOT doing a Rehab until this Tenant leaves.

Yes you do need to disclose an adverse action notice based on the consumer/credit report you used.