Thank y'all so much.Here's more info:very desirable neighborhood2229 sq ftbrick exterior3-4 bedroom, 3 full bathbuilt in 1969new roof 5 years agoHVAC replaced 10-12 years ago, no problemsfireplace, gas heat/ water heater, electric appliances, city sewer, crawl space / full attic, 2 small storage buildings out back, metal carport attached to housePics:https://www.dropbox.com/sh/9okdqd6lj9olk1w/AACeDvF5R133So7URcPnUUoqaWork required:pull up carpet, replace wallpaper in 2 bathrooms [apprx: $13,000]modernize kitchen [approx: $8,000]modernize one full bath [apprx: $4,000]wood paneling in living room could be painted or replaced with drywall [apprx $1000]slight water damage in mother-in-law suite has been repaired and roof replaced, but visible spot in ceiling remains [apprx: $500]Estimated repairs:$26,500Holding/selling costs: Est. $15,000 (Edit to your experience)ARV: $206,000 - $215,000ARV Comps:1- Distance: .6 milesSale date: 5/2014Stats: 3046 sqft incl basement, 4/3 full, 2 half bathsPrice: $90/ sq ft2- Distance .4 milesSale date: 5/2014Stats: 1800 sqft, 3/2Price: $91/ sq ft3- Distance: .5 milesSale date: 5/2014Stats: 3600 sqft incl basement, 4/3Price: $86/sq ft4- Distance: .2 milesSale date: 4/2014Stats: 1700 sqft, 3/2Price: $93/ sq ft5- Distance: .3 milesSale date: 6/2014Stats: 1700 sq ft, 3/2Price: $96/sqft6- Distance: .3 milesSale date: 6/2014Stats: 1350 sqfr, 3/2Price: $98/ sqft

(not repeating all that again) are about to be regulated as never before.While we have a few on BP that make snide remarks concerning the topic, let's just let the free speech roll in the forums, everyone should be able to pick out real and valid concerns.Loan Servicers:If anyone is in financing of any kind it's important to get feedback from a regulated collections firm.

But if gas goes to $4, $5 a gallon or more in the future, I'd see people clustering more near the cities to avoid costly commutes - driving those land and rent prices further up.

All very valid points.

Jons points of analysis are certainly valid, but withing a given range as pointed out by Mike, and I might add within the scope of the overall business goals.

After you cut pieces out, stick a rag in the connection to the drain line to keep the sewer gas out of your house.

Never once have I seen them broken down on the side of the road, granted they usually are blowing so much smoke they probably require a quart of oil each time you hit the gas station though.Grow the mullet, put on the blue blockers and rock that beater.

Things may get bad here in the US with slow growth but I dont want to be so negative. focus on your personal economic situation having cash reserves and down pmt and getting a good deal and the other bad stuff around you probably wont matter as much like the price of gas going to 5 bucks a gallon. at least if you own a building you have a little control ..that is if there isnt a rent control in place on that building....

I've eliminated all oil heat, either by selling the properties or converting to natural gas or heat pump.

The gas company, etc. doesn't do that.Property managers are not all that bad.