Doesn't leave much margin against the inevitable issues that crop up, though, so I think I'd tend to stay at a lower purchase price.You do get free living space for a year.You want to avoid it becoming "your house" and letting your own tastes have too much influence over what you do.A risk is that the market may be very different a year from now than it is now.

It's a personal taste for investing and what appeals to you and your goals.I am bullish on multifamily,drug stores,medical right now.Commercial has trillions of maturing debt that is coming due between now and 2018.Banks are trying to hold on but the pain will have to come eventually.

As for changing the layout, I try to cater to the female taste (they are, after all, the ones who pick the house!).

College students GENERALLY dont take the best care of there rentals, its there first taste of freedom for most, and that generally shows.

. ** I remember because you've got one of those unforgettable names :)

That just kind of left a bad taste in my mouth about TigrentLearning.com.

The comps in this area is $200-$230k The home was built in 1978 and it looks like "1978" What updates, colors would you recommend to bring it to the taste of today?

well... you would think that would be the case... but...this property is in a city that has no zoning, no formal way of evaluating a property and has no history of inspecting a property.home sits on 8 different lotsfurther, this isnt a rehab. the corporation who bought the home upgraded beyond belief. beautiful trim, accents, original antique knobs, new cabinets in kitchen, new appliances, new texture on walls, tasteful paint in all rooms, fans in each room, 2 big *** HVAC units, foundation repaired, new roof (although an E1 tornado touched down 1/10th of a mile from the home yesterday), new windows, gorgeous flooring is original and was refinished 2 years ago - clean, clean, clean and even cleaner!

Also I have screened over the phone and got a bad taste for them but then met them in person and they were great renters.

However, that is still a bit restrictive for my personal taste.