Should one base their purchase price at what it will cost to operate the building after income during the analysis stage and go from there to negotiate a price?

Done right, however, business entities are vastly superior to a simple insurance policy with some kind of umbrella/excess coverage.

However, a corporation cannot be established for the mere purpose of lending money in excess of the 6% limit.

Some think it means foreclosed property, others think it means "at the auction" and still others think it means any property in any stage of default.

I learned to take the opportunity of the proposed tenant previewing my rental property as also my opportunity to preview/screen them as a tenant before the application stage.

Unwinding your holdings quickly is also difficult.My advice is to buy 'value' based upon income, regional health, etc. and you'll do well over the long haul.Put a plan in place to sell or leverage your properties as you build excess equity.

I started this project last November so the results are still in the early stages.

I can jump around on stage, smile or make faces, I guess I could wear strange clothes if I have to.

From my experience, the majority seem to be people in a "transitional" life stage, (i.e. empty nesters, students, newlyweds, just graduated, relocated for job, etc.) as Michael mentioned.Also, as Chad touched on, with the general population having massive student loan debt, general spending debt, or those who are still recouping after the recession, renting allows them the time to build/re-build credit, savings, etc.

If it were me, I'd be mailing a 5 stage mailout (at least) to lists and doing it regularly if I were working that market.