You hit a 1.5% rent rule, and cap rate of 10%+.BUT, economic occupancy and its related costs are a killer.

Passive investing doesn't only have to be thru rentals remember, right now with escalating prices in housing, the cap rates don't really make sense unless you find a killer deal.

Games: Angry birds, unblock me free, RE Apps: Zillow, Realtor.comOther must haves: Adobe Reader, Advanced task killer, ASTRO, Pandora, Paypal, ebay, Sportcenter, skype, yellowbookGoogle Apps: All are pretty cool

@Troy Fisher Yea I was thinking wow that's a killer deal lol...wait a second.

While primarily known as a diaper, it has a killer CRM.

That could be a killer since such an agreement would need to be well defined and requirements set, otherwise the guy could show up late, drink coffe all day, take off early or whatever and you would not be able to fire them!

NC Mark raised a good point about contacting the local utilities and see what kind of programs they are running.Progress Energy has a program which I used, ending with the 700 price tag.PNW is on the money too, tenants move over anything today, they can, and Florida AC bills are a killer.

In this day and age, you can get some really killer deals that are ready to rent for the 20k mark and they will throw you 800+ per month.I would personally buy 2 and take the profits and save up to buy more.

If it's a really great deal then I would hope some of those savings to be passed along, for example if a wholesaler has a contract for $40k and the wholesale value is $70k, then I would hope to get it for a few grand under $70k as an act of good will........or at least buy me lunch.However, if I find a wholesaler is getting a killer deal and they're trying to squeeze every last nickel by overpricing the sale, overestimating ARV, or underestimating the repairs then I'm going to be quite upset.

I had my guys go over their numerous times with every mouse killer in the world, so this seemed odd to me.