Phoenix and Scottsdale that require ore capital and bigger renovations.

We've been having great success in all 4 of those markets.

I know the market had priced in a .25% drop into loans for the last few weeks maybe a month.

Quote from @Sara Donohue: I don't know your market, your skills, your goals, etc.

Professional marketing What was the outcome?

Tips on other types of lists and how to market to homeowners would be helpful also.

After taxes, insurance and capital reserves I think we'll be around 8%.

Hey everyone,Are there any sites you would recommend for market research on an area other than looking at census data?

If you rent it, major improvements get capitalized and depreciated over time, while certain expenses (like maintenance) can be deducted once the property is rented out.

Short answer is as little as possible.The long answer is it depends on the deal.Typically you end up in a subject 2 situation when the current owner has little or no equity in the property, the current advantage of subject 2 properties is that most mortgages are below current market rates.Keep in mind when acquiring a property subject 2, in most instances you are not notifying the current lender of the change in ownership, and most if not all mortgages have a due on sale clause, which is the lender's decision if they want to enforce it or not.I personally like the idea its a great way to get investment properties with low rate loans, that with most likely appreciate in the coming years.