That said, there's plenty of people that rent that either don't have children or send them to private schools anyway.What we've found is that properties that are close to where we live work well for us since there's much less commute time for refurbishment and maintenance.

I went to court in Ogden yesterday and the judge issued an immediate order of restitution so I have the house and the tenants are out...but they left about 2 dumpsters worth of crap (clothes, furniture, misc junk) in the house.

As a property owner, I would do everything in my power not to have children move in next door.

That really is one of the great things about real estate, I learned more from this project than I would have in 2 or 3 years of classes and I made money instead of paying out thousands to go to school.Beginning Numbers on this 3 bedroom 1 bath house.Purchase Price - $95,000Rehab Budget - $35,000Estimated Sales Price - $170,000This is the den after all of the boxes, furniture and clothes were moved. 

A few that I've seen pass underwriting include downsizing because of a divorce and moving to a new area that has a better school district for your children. 

They were large in numbers and stature and had immigrated from an island and could be like dealing with children, except violent.

For example, most of my pre-habs that fall into the #2 category are hoarder houses -- they are packed floor to ceiling with trash/furniture/personal items, and by cleaning out the house, other investors can start to see the potential, which automatically increases the resale value to those investors.Generally, #2 above only works if there are some major obstacles to other investors seeing the potential in the property. 

Now if your market is slow or the home would not rent well this time of year (suited for a family with school age children) then that might not be a good option for you.

BiggerPockets said i did not have to be an expert to learn from and join a community consisting of experts. to  prove my dedication to myself to pursuing yet another lead to the freedom i fantasize of, i signed up to the Pro membership. with sooo much information out there on anything that piques an interest its difficult knowing what to digest and what to detest. i want to build wealth using the vehicle of real estate investing. i want financial freedom from the powers that be real estate investing. i am married and a father of 7 children, 4 of whom i am physically responsible for. i hold a commercial license which i currently wield to operate refuse compactor trucks for private sanitation companies.

You will still need to pay the tenants you are moving out a relocation fee which ranges from $8K - $18K depending on a number of factors (e.g. age, income, children, etc...) although this sounds expensive if the rents are far under market it can actually be very good deal (at a 5% Cap $1K in increased rents is worth an extra $20K in property value).