However, sellers currently on the market are more likely to accept lower offers, giving us some room for negotiation.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by MonthRents held steady from October to November, bucking the seasonal trend.

I tend to do a quick dirty look at a building like JW with price per door, but after that sniff test, I quickly like to understand $Cost/SF and $rent/SF.The way I look at a single family, 2-4 units, or a 20 unit is all different, but the end result is still ROI or IRR (over time). 

They keep rent low, give gifts and homemade cookies for Christmas, make upgrades whenever the tenant requests,  accept all the late rent excuses, etc.The truth is, your tenant is not your friend.

and usually take the state test to get the license and skip the federal part of the test ..

For example, if the area is rural you might wish to have the house inspected, the well tested, and the septic system inspected by separate services.

Did you only remove the drywall and flooring and not do any testing? 

The only draw back I have is that AMEX isn't accepted everywhere but otherwise we like our AMEX Blue Business Card.

I generally agree that buying SFH as first investment is an easy way to test the waters; however, if you’re set on REI I suggest buying a duplex or quad.

You can't accept anything over the allowed budgeted price.

Hi Divya, Lying on an application is frustrating and if it was caught prior to them moving into the home i would not accept the tenant.