I can essentially use paint/like materials and chemicals and remodel an entire house with those as supplies.

Hello,I am about to identify the remaining marketing tecniques and order supplies.

I have seen estimates stating Atlanta has a 3 year supply of residential lots, nearly double the historical norm...ouch!

An example of an expense that “cash money” on and that is not a “paper” write off would be something like office supplies, etc.

Not only are there more renters, but I think the odds of getting better quality renters have increased, just simply due to the simple laws of supply and demand.

But also there needs to be the supply in the market your looking at, or would you be going to multiple markets?

I have put Texas on top of my list, next Atlanta, Chicago and then Florida.I know Texas have a nice supply of apartment buildings for sale and that is what i will be going after.Thanks more reply would be appreciated.

Some folks on the site (Memphis-based, I think) were recently advocating that you shouldn't supply appliances.

My quad's come out to 64,000 a door for 850 to 950 a month in rent on my apartments.I don't look at it only from a cash flow perspective however.The area I have the buildings in is an A location prime for redevelopment down the road.Mike it sounds like your local market is competitive with investors and your margins are thin.On one hand it is good to be in a thriving market where demand is strong because usually supply is lower and the amount of rentals and new development for multifamily cannot meet demand.This helps rents grow at a rate that outpaces utility increases and inflation.The downside is it can make some investors overspend on a property because they feel good about the market.I looked for over 2 years before I bought something.I said many times those buyers were nuts.I tracked the properties and many investment properties after purchase just 1 to 2 years later went into foreclosure.They bought at such a price that it wasn't sustainable.I look for a 10 CAP or better on my purchases.The problem is if you someone who has only gotten 1 percent interest off of a CD or Treasuries or they have gotten beat up in the stock market.Those types of buyers jump up and down to get a 7% annual CAP return beating out your offers everyday of the week.By in large many buyers like this can be lazy.They only look in the MLS for listed properties.Value can be found marketing to sellers that are not on the market.They don't want to make public all of their problems ( I know it is common knowledge of default at some point but this is their mindset ).

There is still much supply and competition with cheap money, so I expect a lower cost basis to negatively impact rental rates.The middle-class is also in a transition, but has been in higher demand recently probably due to post-foreclosure tenants looking to rent.