I've started looking at pricier units in better neighborhoods (not the best, but not the worst) because that $20K difference in price really doesn't affect my debt payments significantly, but it can make a property easier to rent.Right now, I look at MLS properties; craigslist (which in my area is mostly MLS anyway); classifieds for FSBO; and a couple of bank REO sites.

I make a very good income (about $2k surplus per month) and we have little debt ($17k on two vehicles and $5k on a credit card).

I have been in direct contact with a few banks this way (have yet to buy one this way since my offer is lower than they want - but isn't that usually the case :wink: ) These attorneys have been hired to perform collection on the debt owed, so they are usually willing to help their client get paid.Oh, and when cold-calling a bank, I don't ask for the REO department - the customer service reps / switchboard operators typically don't have any idea of what that is ...

Normally they rotate between 4 currencies with the idea that the FX movement results in lower debt repayment over time.There is also the carry trade which is very big business.

I'm 23 years old, I recently graduated college debt free and I'm making 40-55k a year.

.$1918.00 Monthly debt paymentGross Rental income$37,020.0010% vacancy ($3,702.00)Tenants pay utilitiesTax $3600Insurance $1500I'm assuming 6% property management.

.$1918.00 Monthly debt paymentGross Rental income$37,020.0010% vacancy ($3,702.00)Tenants pay utilitiesTax $3600Insurance $1500I'm assuming 6% property management.

Ok - when I think "conventional", or "conforming" I see lots of money down, verified income, good debt to income ratios, one fixed single loan.

I've talked to several seasoned, long-term RE investors here in Hawaii and this is what I've been told are the total operating costs -5% vacancy5% repairs/maintenance8% managementutilitieslease fees (if applicable)maintenance fees (if applicable)property taxexcise taxhurricane/hazard/fire/liability insuranceSince I am taking care of the management, I can eliminate the 8% mgmt fee.

hi allI think I have found a good prperty investment and would like to know your opinion.listed at 310000taxes for 06: 3300my loan: 80/20 6.9%/9.9% (eliminates PMI)what other numbers are necessary are a determining factor for purchasing?