If I would like to lease this property, I was thinking of framing, putting up drywall, painting the walls white and adding carpet.

I'm talking refinishing hardwood floors, painting doing most the kitchen and bathroom.

FinkelThis book offers details on finding motivated sellers, finding tenant buyers, plus case studies with hundreds of tips on how to be an investor.

Hey streamland-I'm sorry I don't have much advice for you, but wanted to let you know that I'm also new to real estate investing and (like you) a colleague of mine and I are talking about forming a partnership for the sole purpose of investing together.Fortunately, we both have excellent credit and a significant amount of equity in our homes, so we're planning to use that to get our feet wet.Maybe we can exchange tips/ideas sometime...

I saw the clearest presentation of the concept in Jeffrey Taylor's book, Landlord's Toolkit, which I think was clearly a notch well above the other rental property books out there for tips and tricks and mindset.

And I got almost a whole house left....what kind of person paints their entire house in dark red and green, and lime green?

Any tips anyone could give me would greatly be appreciated.

Packed with equity and eager homeowners ready to leave their homes in tip-top condition!

My belief at the time was that this would have been a good lead.With that said, do you have any good tips that might set me on the right path?

Newly painted in 2006.Purchase Price $400,000.00Down payment $80,000.00Mortgage at 6%.$1918.00 Monthly debt paymentGross Rental income$37,020.0010% vacancy ($3,702.00)Tenants pay utilitiesTax $3600Insurance $1500I'm assuming 6% property management.