The house is worth 480k with mid-grade finishes and 500k with high end finishes.You are analyzing the deal, running the numbers to determine your purchase price, etc.

As for Tenant related questions, if you don't mind, what kind of checks do you run to try to get the best tenant that you can?

Choosing the right tenant is a huge part of running a profitable business, particularly for low end rentals (I love my $30-40k SFR's!).  

when I run the numbers here (Humboldt Iowa) and I'm very conservative I barely clear $100 per month on some of these properties.

However, I haven't run across the following topics.

Hello,I wanted to run a current investment I'm considering by the seasoned investors here on BP, and get some feedback.Location:My partner and I just looked at a townhome right outside the Loop yesterday.

Just like running any other business, you have to know how to market yourself otherwise how else will you get the phone to ring?

Gas is cheaper to run and the equipment is usually cheaper as well.

Showing this documentation will save you money in the long run.

My local housing athority runs like the wild west.