Tenants pay all utility's. 2 bedroom, 1 bath. 1 car garage and full basements per side.$2850 property taxes.$800 insurance.20% down @4% mortgage.House is built in 1995 and is in excellent shape, w/new roof in 2010.Would have to do lawn and snow Myself.Here's the angle.

>A property management fee is essentially an agreement to collect the rent, pay the utility bills and then forward the remaining rent to the owner.

@Eric DubruleAre utilities included?

At least in SoCal/Los Angeles County I should be able to experience decent appreciation.(2) I don’t have a good feel for the area, so I’m hesitant to purchase in the wrong type of area (bad location, bad pool of tenants, etc.).(3) I'm a beginning investor who intends to be a hands-on property owner (at least as much as possible at the start), which means a lot of long drives from L.A. showing properties, dealing with utility companies, handy-man/contractor visits, etc.

, and Audio versions of Real Estate Books on the way to and from work to utilize that time for your education.2.

So long as the private lender is utilizing their actual monies and not borrowing from a third party then charging HML fees when they loan it to another, its ok.

I might disagree with Cleveland's placement, and heres why;Cleveland is going to be one of the largest Big Data centersTon of tech jobs hereBillions of dollars for new projectsMedical MartCasinos and more high net worth hotels etc being createdRevitalization of small neighborhoods like Tremont and Ohio City.The only thing risky here is the sports teams ;-)

I think the utility numbers are low - will utility companies give out usage and cost information month over month?

Hi guys,Tax question for you:Just curious as someone mentioned that I could utilize Sect 179 of the tax code to take depreciation in the same year instead of capitalizing it over X years on certain items pertaining to my rental property.

., and remember you need to have some reserves, but taking the $30k and buying 2-$50k houses is possible, but that is pushing it.This would also mean you have $0 for rehab if your going straight to conventional financing.You can utilize hard money to help conserve capital IF your buying and rehabbing the houses and still your "all in" well under the appraised value when your finishing (ARV).