I think one of the attractions to the TV guru's and that's what i call the 10 or so that do infomercials and huge budgets and travel the country.. like snap flip.. than.. 

Those who are involved with the process of allowing the permits are horrible with communication, not responsive, terribly inefficient, and seemingly do everything possible to deny or delay.In the meantime, there are more attractive places outside AVL city limits, in my opinion. 

It's factored into the cash-on-cash return and increases it so it makes the returns look much better and the property more attractive in certain ways.What is this principal reduction?

Think the 500 dollar range would attract maybe some not so awesome tenants and we will be living with these people so hopefully all of our tenants are quiet little angels hahah. 

Lesson 2: If it is attractive to owner-occupiers, they will outbid you. 

Thanks for the feedback, I was looking into an older duplex property that needs some renovations in order to be capable of attracting a more upscale client base.  

That's usually a discounted price to attract buyers.Two, a shortsale means that the owner owes more on their mortgage, plus penalties and fees than the house is worth.

On the first purchase we made, they took a lot of section 8 tenants to inflate the rents and we ultimately decided some of those tenants were destroying the property so we lowered the rent to attract the right tenants and once we had the bad ones out, we slowly moved the rents back up.

Unless you know Louisville, you don't know of all the great events happening all year round to attract folks from all over. 

I learned something from your comments that I hadn't seriously considered before:  The multi-year lease I think is GREAT for turnkeys AND for a newer investor who has a full-time job and a family to support may not have the time, energy, resources, or knowldedge to start from the ground up on with out-of-state real estate investment, I can totally see how turn-key can be super convenient and VERY attractive.