We ended up hanging on to them as long as possible to season the notes for sale and ran for the hills - we did make money.Our problem was that our purchase was on a national level with properties spread all over and this organization had a team of realtors/PMs etc that would sell them for us.

But, floor prep can be pricey as the floor needs to be very level and smooth for correct installation.

What is the difference between 2 and 3 bedroom houses of similar size and improvement level?

It took her 6 months to find an entry-level position, sort of in her field.

A short sale, A foreclosure or just a good ole fixer upper???

There is the sticking point.Basically for that level of price increase, you will have to get past the 12 month mark.

This is a mid level rental - maybe I will just have them do the walls and I can do trim at another time down the road?

By contrast I can get in touch with a Realtor in my farm area in Pennsylvania and ask for a list of MLS properties $25k or less that rent for at least $500 and she'd ask me to be more specific.There it isn't that hard to find listed properties that still can hit 3%.Fyi these are mostly B/C level areas and there really aren't any war zones even if you wanted to go to the worst part of town to milk a tiny bit more cashflow out of a place.

What works for a upper middle class neighborhood is not going to work for a lower income area.

The current tenant's lease ends next month, and the house would sell for more as a single family in that area than a rental.On the most basic level, if I can sell the house for say $120-130K, minus what I still owe on the mortgage - around $40K, say I get $80K back from that.