We can't shrink the dumpster or decrease the number of pickups unless people throw away less stuff.24 units for $1000 a month works out to $41.66 per unit, per month.

Are you saying that lowering agent commissions will decrease competition?...

We view our time invested as part of the initial down payment (and property management as a continued investment in the maintenance of our initial capital investment).Purchase Price: $47,500Down Payment: $3,500Taxes: $775Insurance (Liability): $600Maintenance (significantly decreased after the initial capital investment) $1,000Mortgage: Seller will hold the note for 15 years at a 5.5% interest rateMonthly Mortgage Payments $375My two friends will put in $3791.66 and I will put in $3416.66 (I am a commercial sales agent.

This will allow you to increase the monthly "rent", push all maintenance onto the optionee and possible decrease your management expenses (if you are managing it yourself).

I'm sure many of you have horror stories about partnerships and all, but what I really want to know about is the Akron, Ohio area and the city prospects.I saw that Akron, over the past 70 years, has decreased in population and the trend seems to continue. 

-Prop taxes currently are $4,800 without homeowner exemption (using this number for below)-Tenant pays own utilities-I will be managing propertyPurchase Price - $280,000Down 3.5% and $5,000 closing costsRent (m/m):Unit1 - $965 (sec 8)Unit2 - $950 (Sec 8)Unit3 - $700Unit4 - $800 mkt (will live in this unit)Total Income - $3,415Expenses:8% mgmt - $2738% vac - $2738% maint - $273Utilities - $100 estProp Tax - $400Ins & PMI - $380Total Expenses- $1,699NOI - $1,716Debt Serv - $1,329Monthly CF - $387Yearly CF - $4,600Cash In - $15,000Return - $4,600COCR - 30%This CF has potential to increase by decreasing taxes and potential to increase rents.

http://www.har.com/content/newsroomHighlights are:Single-family home sales fell 10.2 percent compared to October 2014, marking the fifth and steepest decline of 2015;Total property sales dropped 12.1 percent (7,026 units);Total dollar volume decreased 8.3 percent to $1.8 billion;At $271,648, the single-family home average price reached a record high for an October;At $205,000, the single-family home median price also achieved a record October high;Single-family homes months of inventory climbed to a 3.5-months supply versus 2.8 months a year earlier;Townhomes/condominium sales dropped 17.3 percent with the average price flat at $196,242 and the median price down 1.0 percent to $146,500;Leases of single-family homes rose 4.1 percent with rents remaining unchanged at $1,708;Leases of townhomes/condominiums jumped 12.4 percent with rents sliding 5.0 percent to $1,510.

Whatever you don't let anyone off the lease since it decreases your chances of collecting rent.  

The value of that property kept decreasing until just recently...

To put it in business terms, it will take time for individual Americans to rebuild their balance sheet and income statement following the collapse of their most valuable assets and the contraint on their cash flow from increased debt service and decreased revenue in many cases.