In addition to PITI, positive cash flow must also cover the operating expenses (daily maintenance, PM, advertising, turnover...) as mentioned above, but also the long-term costs of the asset class: improvements.

The goal of the Fair Housing Act is to ensure “no person shall be subjected to discrimination because of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or advertising of dwellings, in the provision of brokerage services, or in the availability of residential real-estate related transactions.†With respect to people with disabilities, the Act serves to: * Give people with disabilities opportunities to choose where they want to live; * Assure that reasonable accommodations and reasonable modifications are made so that a person with a disability can secure and use housing as fully as a person without a disability

If this is a good deal how do you go about converting to comerical (at least appealing to comercial) and advertising?

Hi Tim,Too many condos, like Miami in 2006 and 2007, everyone walked away from their 10% or 20% down new condo as the sky was falling.Still, these are trendy, cutting edge condos that bring in a young, well-educated crowd, a lot of amenities. 

When I look for new tenants I always post on a in advertisements that I perform Background Checks & Credit Checks.

I also post for rent signs in the front of the house My mom likes advertising in the paper.

My suggestion would be to advertise at more than his offered rent amount as a grow location and see what interest you get.

Would have cost around 1600 plus 6 weeks of advertising in newspapers smdh

They are also very lenient, so the bill can get to 3 months or more due.We advertise the lower rent without utilities, then have applicants elect to roll it into rent or to pay a higher deposit to help cover unpaid utilities.  

Freelancing sites like elance.com are good places to find VA's.You can also try craigslist I see a few VA's advertise in the real estate services section.