if you don't screen your tenants with a fine tooth comb and you get one because you need one then your in it all wrongyou have to remember that when everyone could buy a house and they did on adjustable ratesthat is why there is so many foreclosures and they are trasheda buddy of mine was going to buy a home in phoenix and it all looked good until closing then he dropped by and every appliance and the copper tubing was gonehe dropped it like a hot potato and is having trouble getting his earnest money backdo your research when dealing with tenants it will save you a lot of headacheenjoy

And the closing costs are generally a lot lower on this product than a traditional mortgage too.  The

A flip would probably make the most sense too. The

@Mark Hughes brings up a good point too - the cost of the roof is *generally* depreciated like the life of the building, 27.5 years for residential...if i understand correctly that means if you spend $k on a roof replacement this tax year, you start a new depreciation schedule for the next 27.5 years.

@Syed H. and I spoke at length about some options and local places too; the builders grade point is also a good one we should note@Mark J.I’ll look into the Wilkes barre shop too. 

Also, I can recommend some good property managers too. The

Recently rehabbed duplex in Lakeland, FL near downtown area need a new PM.

@Dennis M.That is what I am thinking too. The

You can do it too -- the key is to have the right team to help you.If you have a specific market in mind then you can work to research and assemble a team in that market to help you find, improve, and manage your properties.If you're not sure what market to focus on then you'll need to start with doing some research on selecting the best markets for you and your goals. 

But one of the PM that we spoke about told us that from his experience relatively cheap houses ( he was saying that single family house  whose rent is lower than 1000 dollars is in the category cheap) attract people with low salary, and that basically then are barely surviving, which means that if they have any serious problem in their life, child sickness, car being broken down, tooth problems, they will not be able to pay, which will lead to either slowing down of everything, or them not paying at all, or not even wanting to move out, an then he layer and just losing the money.