I have 30+ properties and tag and allocate mine twice a month so it is easier at the end of the year (yesterday I did taxes on 24 of them in 6 hours)  How are you able to determine what property is performing and what isn't without tracking it by property?

He was saying something about foreclosed homes not having a clean title.

Have you found it easier to work with local banks now that you have a syndication under your belt or does that continue to be a challenge?

We are also considering maybe doing a 2bed 2 bath condo more downtown where it may be easier to rent out, but there is HOA fee with that. 

I'm a little leary to think that 6 nights (3 weeks * 2 nights) is going to be enough to cover mortgage, insurance, property tax, maintenance, cleaning, furnishing, 100% of utilities, cable, internet, etc. but maybe I'm all wrong. 

The property does not need any work other than a deep cleaning.64,500 purchase price 10% down because the loan will be structured as a second home. 6,450.3,000 closing costI will be taking out a loan and have excellent creditAfter the down payment and closing cost, the amount financed will be 61,050.

We knew the owner was out of state (it was an estate sale) & the place was full of junk & the old machine shop was full of old equipment.We offered cash, close in 30, no inspection & we would take it 'as is'.Several others were also cash & higher but wanted inspections & the place cleaned up.It's NNN & still returns us 28% p.a.But we do have experience regarding structural, elect, plumbing etc etc.We had the opportunity to bid on another property that was part of the estate.

Here's what I know of the numbers: House is 4 bed/3 bath, 3100 sq ft$55k is owed to bring everything current (HOA, mortgage, fees)$8-12k for rehab - general cleaning, landscaping, 1500 sq ft of carpet, interior paint in some rooms$164k - current loan balance, $155k after bringing loan current, PITI is currently $1076 @ 3.5%$1800-1900 current rents in the areaIf the loan were called, I would be able to pay it off. 

If you have questions about the agreement down the road, it makes it easier if the attorney your dealing with wrote the agreement. 

The folks who will do what you described have mostly moved up in the price range as it much easier to make a living.