To be profitable at rentals, you have to buy cheaply enough relative to rent to make a profit from the start.

Water line is relatively easy to repair/replace.

Real estate values have been relatively stable in Oklahoma so we are not affected as much as some places.

Say your website is REI related (example since this is an REI forum).

You can always use that cash to pay off the mortgage if there's some legitimate credit related reason.

I can always borrow 10k easily from a relative.

In general, SFHs provide an easier entry point for the new, relatively unsophisticated investor.

What are your thoughts on this statement: " getting the previous owner to keep the insurance on the property in his name to conceal the change in ownership is arguably conspiracy (two or more persons), mail fraud (something related to the insurance will go through the mail either from you or to you), concealment of a material fact, and false statement (to the insurance company about who is the current owner).

They can only relate to you specifically what the seller allows them to, but they can tell the seller anything they know or hear about/from you.A signed Buyer's Agency Agreement means that agent is bound by ethics, statute, and their fiduciary duty to act in YOUR best interest, and can tell YOU anything they know or hear about/from the Seller.

He said his "average" expenses as related to the 50% rule ran from 37-42% over the last ten years on the residential.