Then you need advertising money to find your investor/buyer (classified ads, signs, etc).Your biggest expense will be the marketing costs to find a deal in the first place.

Go to your local REIA meetings and tell everyone about your deal4. classified ads

The property is classified as a single family, however it has 5 different units inside, renting for $40,000 in 2000, currently renting for $53,000.The value of the building is currently $850,000.

Sharen, please only post ads & solicitations in the classifieds forum.Thank you,-Michael

Run classified ads4.

How much would be ok to spend on a classified ad that results in 10 incoming calls from sellers?

I LOVE zero percent and have bought lots of things on zero percent financing.While most real estate has not appreciated over the past 3 years, I would guess most houses are worth MORE today than they were 10 years ago.Wikipedia defines it this way: A bad debt is an amount that is written off by the business as a loss to the business and classified as an expense because the debt owed to the business is unable to be collected, and all reasonable efforts have been exhausted to collect the amount owed.

That's easy to determine by looking at the classified ads in your local newspaper or talking to other successful landlords in your area.Finally, your insurance cost of $22 per month looks suspiciously low to me.

Jon - Garrett is just making fluff posts in order to post in the classifieds section.

Most loans are classified by the type of collateral that is taken to support the loan.