You do raise some good points that I will look into.

The previous buyer (that backed out because they could not raise the cash) is filing a lawsuit against the seller.

If someone stays 10 years in a unit and you never replace or refresh it you really are encouraging the tenant to move out if they find the holes in the card and dirt on the walls to be an issue.Some landlords agree to pay for the paint if a tenant wants do to the work when there is no need to paint otherwise.

Using MY numbers, the interest would be $1561 on an almost 4 year loan. when you make improvements to the property like this, could you raise the rent?

However, there was a county that stopped their Tax Sales for a few months (I believe this is what you may be referring to) as there were some questions being raised about the process or procedures.

I'd also like to hear your thoughts about some of the questions raised by the others in this discussion.

Inflation would cause the Fed to want to raise rates and the deflationary pressure of the housing bubble and associated credit crunch would make the Fed want to lower them.

Very good question.If you are sending out post cards some will call when the postman delivers the card.

Among the problems with properties in this price/rent range is that they don't appreciate, they're management and turnover intensive and there's not a lot of chance to "improve" them and raise their value or rent.Before jumping into any more I'd look at getting some real returns out of these.

Others find the expansion comes at a very acceptable cost and the expansion helps raise the total returns.