Yup, that's right, that number you read was not 'seasonally adjusted' though the unemployment and other numbers that are reported are manipulated, er 'seasonally adjusted'.

Do you have a fixed or adjustable rate loan?

Current ROI is 8% ((12 x 9 x $600) - $21000)/$560,000Potential ROI is 14% ((12 x14 x $600) - $21000)/$560,000There are a few variables I haven't taken to account like what rate of interest you will be paying but where are you going to find such high returns.You can play with reducing the asking price to see if it would make much of a difference but I would suggest offering something like $530K and accept what ever she counters at if you really want it.The only thing I can say is that this may turn out labour intensive, so factor in an addition 10% on the rental ($60 per month per property) that you have to pay a property manager.

Someone died, loss of income, the list goes on.This may be different in your state but find out the time frame and adjust accordingly.After this my list was still pretty big.

The one draw back is that you will have to adjust how you work and organize to suite the system.Just my 2 cents from the videos I watched.

The next 5 are on 15 year notes at 5% that adjust to Wall Street journal + prime every 5 years.

I know lots of people love college rentals and make good money with them, but for me they are more management intensive (due to turnover)than what fits my business model.

I would have gotten fired from my corporate job sooner so I could avoided the years I wasted working in an industry I disliked intensely.

They mentioned a death in the family and a switch in the timing of their paychecks, etc. we've even adjusted their due date to accommodate the paycheck thing.

With yields as high as they now are; in theory many of them can be cut in half and still produce a solid return.I've began building a position earlier this month and will layer in slowly over the next few months if oil continues lower (I'm buying down to $40 oil if it gets there) with view of holding 3-5 years  and trimming on any aggressive pops.Interesting fact - From the data I've seen, the inflation adjusted average price of oil from 1946 to now is just shy of $41, surprising!