Intuitively I am thinking there should be more to it rather than just cashflow...

You might not be able to do it because of the lot size, or the structure layout.

But you need to have people that you can trust, and you need to lay out a plan for them.

Hi,So far, we have our tenants mail their payments to the PO box- old school I know but it works for my tenants :) I save myself a trip to the bank though- with my bank's phone app I can deposit checks from anywhere, but it doesn't work with cashier's checks.My bank offers an online payment option, around $3 each transaction I believe, but I just signed up to accept payments via Intuit, they only charge $.50 per transaction and will update in quickbooks automatically.

At some point, everything might actually be equal and it still may be worth selling so I can upgrade the property to a closer area to where I live and also to a nicer layout or a bigger house or something.Sometimes the rentability of the house has real value too that should be accounted for.

You set up the layout of the room you are doing, add or change features, and it will spit out a materials list and a rough cost estimate.

If buyers are buying on a lower basis they will reduce rent for the area to fill fast or an owner who had equity build up but doesn't want to lay out thousands and thousands for repairs will just reduce rent to land a tenant to cover the mortgage.

I put the quote and the cabinets they quoted below.Their Website - http://northeastfactorydirect.com/Cabinet Layout - http://imgur.com/a/5XADSPrice Quoted - $1450They seem like nice cabinets, but that price seems pretty cheap.

My intuition was confirmed as we made a turn down a street and I saw a moving truck.

For the REOs that need a lot of work, where the previous owner "reconfigured" the layout of the house, they are pricing the house extremely low, at start, then selling to the strongest buyer.