Absolutely you're not being too picky, unless your property is in a really expensive market - like midtown Manhattan.A very general point, it is always smart to stay on top of your property manager, and if this means your properties aren't as "hands-off" as you would like, so be it.

Take that difference and put it down on a commercial building.I would try your hand at a couple of single family home deals before you start buying commercial buildings.

To find them is easy...go to a local REI club, and shake hands with a few dozen of the guys that strike you as motivated.

Hello all,I normally do single fam, so I wanted a quick hand with numbers on a deal I'm considering.Location and repairs aside, strictly by numbers, what do you guys make of this deal:Single house, 3 fam:- 2 bed/1 bath- 2 bed/1 bath- 2 bed/1 bath- 2 car garage- separate metersTotal rent is $2,500.Monthly taxes are $320What would be a good estimate for monthly expenses (50% rule??)

Or do you just mean that's when you had the contract in hand?

These units are for cash flow only, and the management, tenant turnover and upkeep are high maintenance and require hands on.

Hands down best/easiest estimating program I've ever used.

Lots of properties change hands without being on the MLS.

I'm currently looking at a couple of bank owned properties that I'd like to take of their hands and then wholesale.

Should I take the proactive approach and just go to their office with my proposal in hand?