Although we offered cash The short sale process took 9 months to complete and it was a PAIN, BIG PAIN. i won't talk about it here since this is success stories post :) After purchase, we cleaned it up, wait for Black Friday to get some stainless steel appliance to put it in, list it up on MLS and get good family to rent in as 1600$ a month.

The neighborhood is good and I own a rental a few blocks over.

I'm with you this can be silly and a painful request.

In our subdivision about a block down the street is a house about the color of ours with a wall painted a different color than the house.

Its block by block.

Instead of just looking at properties for sale, I made notes of houses that were the ugliest on the block.

@Darieal S.I hope that the outcome is good.Lastly, make sure the next time you consider a home for rehab, take into account all the surrounding homes.Usually you want to rehab the worst home on a good block.

Ok, Last year I did my taxes with H&R Block.

Renting as a whole can be a pain if you don't know what you're doing, but last I checked Germantown is a nice area. renting in a nice area with that proximity to dc should be little problem, relative to other rentals

row=19 If you're talking about rentals that are within a block of the beach, I'd expect pretty low CAP rates, but otherwise 5% seems pretty crazy to me for a "normal" MFR!