mwarden,In other words, I won't pay more than 70% of the market value (less repairs) for a property, thereby giving me 30% equity at closing.ctrentalguy,You missed a BUNCH of expenses, such as advertising, management, entity maintenance, legal fees, office supplies, utilities paid by owner (even if tenants pay utilities), evictions, court costs, damage done by tenants (beyond the security deposit), lawsuits, capital expenses, etc, etc, etc.Mike

In addition to the expenses he listed, you also have advertising, damage done by tenants (above the security deposit), utilities paid by owner (even if the tenant usually pays the utilities), office supplies, management, maintenance, tax preparation, etc, etc, etc (I could go on and on).

I dont advertise this very much because most people (no offense to anyone in here intended) dont understand it, but our company moves securitized real estate at a small discount with rated weighted average returns.Now I dont know if you can pull off the required capital, but for example we source investors for two of our sources that sell rated loan pools.

Half of your expenses will go right out the door in insurance, property tax, maintenance, eviction costs, legal fees, entity structuring, advertising, accountant fees, etc. etc. etc.

Just stopping by to say hi and introduce myself.My name is Vlad, I am a former real estate agent (my license just expired few days ago).Currently I am involved in Internet Marketing and Pay Per Click advertising (mostly work with Realtors).This forum looks like a great place.

I was dismayed to discover that it was mostly a day long advertisement for his week long, $5000 seminar, but he did touch upon some interesting strategies.

A while back I complained about how they had advertised allowing pets, which is why I moved in, then the next month I was 12 hours late with my rent.

There are no advertising costs because this area is in extremely high demand (rentals are filled by February for the following July-July leases).In addition, values our area is expected to appreciate.

Well, I think the vacation rentals can be profitable if you're willing to advertise and manage it yourself.

I have decided to get the deal done (hard money), rehab it (advertise the property for sale while this is being done) and then sell it for full market value.