If I give a free month as incentive I am guaranteed the lose of $3500, if I take the gamble and not collect the deposit, I’m hedging my bet that the tenant wont trash the place, and therefore less likely to lose $3500 bucks. 

Hi all,What are the characteristics/attributes/experience you look for when choosing a Real Estate Agent?

I took the gamble and got it 101k and made it work for me.

I much perfer to be conservative rather than gamble.

If manufacturing comes back in my lifetime, I'll be happy, but I'm not holding my breath or gambling my future.

If I want to gamble, I'll go to Las Vegas.Mike

Rest assured there are other expenses, and if your deal only works with a low amount allocated for expenses, and you don't have reserves to cover the others when they come up, you're going to be in trouble when something happens.Those have been around a while know I sometimes compare investing to gambling.

You would need to find properties that have recently sold in the immediate area (the more immediate the better) that have the same or similar characteristics and see what they sold for.

So Jason,Do you want to sleep soundly or gamble on a bigger return?

Baby boomers are too close to retirement to gamble whats left of their next eggs.