First 4 at 75% thereafter you may be looking at 70% depending on the type loan you are looking at.Closing costs vary but add about 2% more to get in a property.

While risk aversion is a good thing to a degree, being too conservative can also be suboptimal.

Hello Tiffany, As you know specific rules vary based on local associations of realtors but agents are typically required to speak with the person's agent, and not the person directly.

Try to find a service guy on a 20 degree day when you are not a regular customer .

She would meet this model the closest but her lowest house was $25k AND she put at least a little money into rehabbing before her first tenants.Correction: I have purchased 5 houses so far for less than $25k2bd 1 bath - $24,900 (rent $800/month)3bd 1 bath - $23,000 (rent $875/month) ***4bd 2 bath - $24,000 (rent $1100/month)2bd 1 bath - $21,000 (rent $750/month) ***2bd 1 bath - $23,000 (rent $825/month)Each have had varying amount of rehab.

The 2% rule is generally for determining what the purchase price of a property should be (and can vary widely in different markets, many markets won't get above 1-1.5% but may have appreciation which might make it attractive to you).

Trash/Solid Waste is a fixed fee and is a part of the utility bill paid by the tenant.I do need to interview a few PM companies in the area, is a half month the norm or does it really vary by region?

Those laws will vary state to state but in most states, including here in FL, a tree falling is an act of god so unless you can prove negligence (such as the tree was dead and rotting and you had warned the owner about the dangers of it falling) then it's going to be on you to fix the damage to your property.

The answer to your question lies within the listing agreement she would have signed when she gave the agent the listing.Listing agreements vary from state to state.

Different counties vary in their laws, so know those differences.You said you planning to commit to $70-$90K.