You have great writing skills - you should start a landlord blog - I bet you've got dozens of stories.BTW, I just saw that Forbes list the other day - yep, Stockton was still on it lol!

Unless you're buying in downtown SLC I think 3/2 houses are your best bet.

I can also see continued education required.Place your bets!

I bet you will find expenses higher than stated ( will be 50 to 60% instead of 44) and you will find deferred CAPEX that needs immediate attention (probably in the few tens of thousands or more total.If going rate is a 10 cap then to resell to a buy and hold investor for an already stabilized property I would price it at an 11 cap.An 11 cap is 200,000.

And unless you've got a ton of cash to finance these opportunities, your best bet in such a short funding timeframe is to obtain a hard money loan.In many cases, particularly in the case of short sales or foreclosures that banks are looking to liquidate before years end, sellers want to move quickly.

I would also bet they would have done a much a much better job if I did this but I don't have time for that.

Staying at or within a couple hundred dollars a month of Sec 8 schedules will be a safe bet, usually goes up to 4-5 bedroom rents. :)

I bet you'll enjoy it here!

I would be willing to hold the property betting on appreciation in this case.

So I'm betting there is no deal or it wont go through, and this is just a tactic to get me to go up closer to asking at $129k which wont work.