I'm going to drive around certain areas i like (by the University for example), mark down distressed looking apartments (present deferred maint. etc) and send out to them and expect a phone call.

Warm regards the newest BP guy jim Mackel

I was being discreet because it's foolish to single out any particular company, when this practice is followed almost universally.

The example the IRS uses is a tax-free university running a book store.

It's a few blocks from the University in my area and should bring in $800-850 a month....not bad for a $50 K investment.

Thank you for the warm welcome everybody!

All,Thank you so much for the warm welcome!

You need that info about the areas you want to rent.There are some universal truths to property management, such as many people lie on their applications, people come up with stupid reasons not to pay rent, etc.

You should have a warm and fuzzy for buying the LARGEST purchase in your life.

Just because they claim something doesn't mean it is universally true.