Steve Job's lived in a modest house, in a regular neighborhood -- no gates or anything.

If you or your PM does a bad job, 50% might be too low.The reason this is helpful is that new investors, and especially the people pitching properties to new investors, often claim you only expenses are taxes and insurance and that you'll never have a vacancy.

Or is he able to allow me to claim 100% of this property?

Landlords regularly discriminate based on income, criminal background, previous evictions etc.

Our primary purpose was housing for family, not investment in a regular sense.

HiI am doing due diligence on a property and I see that the owner is showing only about 1/3rd of the annual rents that he is claiming that he is making. he is also managing the property himself.

Better put that $500 toward a good marketing campaign you already do on a regular basis.

I believe the average dog bit claim is about $29K.Seriously, I would REQUIRE the tenant to have renters insurance with you named on the policy.

Regular auctions are an easy way to get a house, but the problem is, a lot of the time if it needs a lot of work, many times it can be hard to get financing.Having a job is a huge help, for qualifyingA lot of the fancy techniques peoplediscuss - hard money, private money, flipping, etc. sounds promising but can be hard to do first off.

Don't skimp, however, or try to say you are living in the property, because if something happens, and you lied, your claim can be denied.