Combing that passion with the minor success I had with my first home is appealing to me on so many levels.

Foundation Issues, Termites, Mold, etcDifferent Ways to Fill Vacancies:Tenant Referral Program: $100 Open HousesSpecials for SoldiersBannersCorporate Outreach ProgramsFlyers in laundromats, hair and nail salonsAds in the local college newspaper Ads in local ethnic newspapersClassified AdsStrong tenant retention program How To Raise Rents:Shop The Competition to learn market ratesGet the exterior looking good, new lighting Repair the common areasAudit Your Rent RollWhen repairs are complete, approach tenants and give a small bonus renewalsYou should always raise rents, even if just $25 a year, to get tenants in the expectation of some sort of increase. $20 a month on 10 units = $200 a month which is $2400 a year which on a 10 cap increases your value by $24,000.

However if the reason is to keep you (owner/landlord) out of there hair?

Send mailers to Hair Salons/Barbers: These places are social hubs – lots of talking going on during haircutsSend mailers, ads, business cards to Insurance Brokers: Policy changes from owner occupant to landlord or vacant house coverage.Recruit Mail Carriers to notify you of vacant propertiesSend mailers to owners of multiple properties (target them to offload portfolios)Post advertisement in PennySaver type papers: “We Want to Buy Your Property”Send mailers to water, gas, and electric company shut off listsOr, just buy leads from: a. www.listsource.comb. www.USLeadsList.comc. www.MelissaData.comd. www.zbuyer.come. www.AgentPro247.com

By then I was so fed up, it was worth it to eat the cost of my deposit in order to never hear from them again.It was my fault that I ignored the red flags when I saw Lee Arnold with his slick-backed hair and lapel crucifix.

I bet she sees no problem spending hundreds of dollars on hair products a month, tho?

I have been combing through the MLS pretty vigorously for the past 6 months, expecting not to see much listed at even a starting point for asking price.

They then had to wait years saddled with crappy mortgage debt for the asset and minimal cash flow to try and buy something else.If this is not the only property in the market it seems like you might come out better searching for a property with (less hair on the deal) as we say in the business.   

If there is no avoiding an 8-10% vacancy rate almost regardless of your rents, because of other factors - poor neighborhood, unstable economy, etc - then you would probably be wise to just price right at market or maybe even a hair above and accept the vacancies.

Keeps the drain from filling with hair, toothpaste caps, toothbruskes, razor covers, etc.