If you don't keep an eye on your property managers, they will do things like cut corners on upkeep to make profits look higher and then you will get stuck with a big money repair down the road.Maybe your better bet is commercial property with long term NNN leases.

Unless it's a corporate tenant with a long term proven track record that would mean nothing to me as an investor.The reason is businesses fail everyday.Even if the business has thrived for the last few years they might have been only going out of the home or a small space.Now they are going bigger in space and they may or may not grow as expected and the rent might take them down.They could be down sizing in space and carrying a ton of debt and fixing to go under.So as an investor the track record and seasoning and performance of the lease is critical when doing an income approach.You also have to analyze if rents are dropping in the area.Even if the tenant has been there awhile they might be jumping ship for a lower rate elsewhere and the lease is coming up soon.I think FSBO really isn't going to get you a higher price.The agent bringing a buyer will now have to do 2 jobs with the buyer and the seller for one fee.Also the buyer will see you are saving on the listing commission compared to other properties listed for sale and will reduce the offer to you.It's a classic mistake of the seller thinking they are saving the listing commission and the buyer reducing in the offer.

If the statutes do not address your question, then the case law very well may give you the answer.3) make sure any case law answer to your question applies in your jurisdiction.Note about jurisdiction:Jurisdiction means a certain geographical area (for this conversation anyway - there are times when jurisdiction doesn't refer to geography.)The size of the geographical area depends on a number of factors.

You also need to know the sq ft of these homes, lot size, etc.

This can let you get more details about the condition, size, and amenities for the property.

We painted ($1000) and will replace the carpet before the new tenants move in.However, after 100 calls, 3 price reductions and over 30 visitors, no applications yet.The house does not have a basement in a state where most houses have basements.However, it's:1. clean2. similar size to other houses3. great yard4. has 2.5 garage5. no dishwasher6. some landscaping in the front from the previous renters.7. fireplacei am at a loss on why we are having trouble getting applicants to show up.

I bet you can create your own better marketing documents, including pitch book and projections and everything!!

I'm betting over for my areas I work in and have already seen this happening.

Our minimum lot sizes with no public utilities are much larger, though, so I suspect you're in a wetter area.You should pursue this question with your utility districts and city planning/zoning commission.

I agree with James and think that your best bet is to take a few months to plan and find the best way for you to invest.