You may start out managing but if you don't continue then you will not have budgeted for future PM.First you said, "15% Repair & Cap EX COMBINED" then you said "Repairs are being budgeted at $150 a month" so I was unsure of what percentage you ended up doing.I did 10% vacancy, 5% cap ex (which is low), 18% R&M because your last statement was budgeting $150 per month.Our calculations may differ as I take the vacancy from the Gross Rent to achieve my effective potential (some may call it something else) and then begin deducting things like Taxes, Ins, PM fees, utilities (IF they apply).Since you didn't put taxes nor insurance I put $1000 for each.

I've seen a few properties in my area that I think may be under-priced relative to the value they would have if they were promoted more effectively to the right buyers.

I have had one of them for 6 years, what will be the effect on my personal taxes?

I started last year but completely put everything I learned into full effect this year!

It wasn't until I emailed the Altisource CEO and some other senior execs that I found someone who was able to effectively move things forward (amazing what a little online research can find).I would purchase again with Hubzu but only if it's a great deal and I'm ok waiting - for a long time.  

-Wholesaling has me curious due to its ability to generate capital for future deals, but I wonder about its effectiveness in the LA market (it's crazy out here to find a deal).

This thread is 2 years old but to be accurate the threshold as of last year is 51% sold before a condo plan can be declared effective.

If you're not refinancing or selling,there really is no effect as it will expire at some point if suit to enforce it is not filed.  

We're looking for our first investment opportunity.From what I know about the Roswell/Marietta to Kennesaw/Cumming area, there is certainly a gentrification effect occurring in what used to be some of the slummier and less popular areas (similar to certain ITP neighborhoods). 

I have a very effective marketing campaign that I send to property owners.