Good evening everyone,

Let me introduce myself. I am Cuong Thai, and I am new to this investing business. I found this website because I want to learn more about investing in real estate properties.

C...

If it is say a 4 bedroom and they are paying the rate for 3 bedrooms you can probably get the rent up down the road however if he is figuring the rent on 2people/room and that is not customary in the area I would definitely walk if the single occupancy doesn't support meet your profit margin.  

Allowing say a 5K  foot to be split in 2x2500, is how they get "affordable" units to work.The other thought is an inlaw-unit which would create income for whomever buys and builds.

I think your doing all you can do.if the property is local then go over and introduce your self.When i was in the Timber business ... this was the norm.. it took us 3 months to 5 years or more to talk a timber owner into selling us their timber... we just dripped them to death... my partner would always say as long as the trees are still standing its a potential deal for us

I use for buying HUD's and they say a little over $1K.

First of all I want to say a big thank you to Joshua Dorkin and Brandon Turner as well as all of the other people who have combined efforts to make this website.

So instead of say a 5% cap rate, one can achieve over 10 fairly easily.

Many states have statutory rules that say a lease is in place even if not in writing, so You might not need a written lease, or you may have to come up with one.

With that said I am going to say a few things that are very unpopular:1.

This is why people say a good contractor is worth their weight in gold.