Comparable homes lead me to believe it's worth 2- 3 million in this market.

The risk, of course, is they don't pay and you have to foreclose.But you'd be surprised how much better an investor does at keeping a property rented compared to a property manager.

Now, let's say that the average house of comparable size in that neighborhood, in decent condition but nothing special, is going for around $125k.

How many times will you move from a rental in the next 10 years compared to a home you own?

The rents were low compared to other rentals in the area.

Finding specialist in larger cities would probably be much easier.Plaster repair is pretty expensive compared to drywall repair from what I understand.

Peter, as others stated, an NOO loan will likely be higher than the figures you quoted, plus, in order for investors to compare apples to apples, we use the entire purchase price and assume the loan would be taken out for that amount.

the tenants at one house moved out a few weeks ago. they were there just one year and moved in after the house was freshly painted and re-carpeted.anyway. there were fingerprints and smudges on the walls all over the house and even areas that you'd have to try to leave a fingerprint. nothing that a new coat of paint can't cover, but the whole house needed to be re-painted.regarding the carpet, there are dog pee stains and large furniture impressions. they tried to steam all stains out and even used spray chemicals to remove them. it does not smell, but the stains are there.would you charge them or keep a portion of the s. deposit for something like this?

PITI is 904 a month.They are so much more affordable than SFH in a comparable part of my town.Thanks for your thoughts.Kelli

. :) Anyway, I've compared this index with our local sales and it corresponds almost exactly, with a few anomalies here and there.