If there was a 7% cap rate on the $5,000,000 sample property, it would cash flow $350,000 annually.2) Do you think you would enjoy having professional tenants with long term leases?

. $2300 annually and insurance is $1200 annually as well.

I can't wait... its an annual tradition for my friends and I.

They're best for lower-middle class elderly people that have little savings because these people typically have a lot of equity built up in their home, but they don't earn as much in annual income (if they work at all).

I won't go into all the details here, but if you do the rehab as you are currently describing it then you'll earn about 30% annualized ROI.

If I'm still in it after 6 months then I have to rent it out.The area I'm looking at is not an appreciating area at all--maybe 3-5% annually.

My suggestion in Ideal Real Property Management and Repair Costs Ideal Real Property Management Cost Must have the absolute lowest rates; management fee structure must be simply put, untouchable.Charge a leasing commission equal to 84% of the first month's rent for an annual lease (7% of the gross lease).

You are banking on major appreciation.I have no idea what appreciation is like in that area, but it would have to be an annual appreciation of 10% or more to even consider this deal.Here is my reasoning.

You must be a broker in SC and then pay $5k initially to join, plus an annual fee.

We've been taking out annual policies and then canceling when the house sells.