The covenants states: Section 2 Residence Each Owner shall maintain his Residence in good condition and repair and all exterior colors and materials, including the exterior walls, trim, doors and roof, shall be retained as close to the original as is reasonable possible.

That money will open the door to buy even MORE rental properties.

The real gold is in the smaller for sale sites and knocking on doors of FSBO.

How about IF I am getting $100 monthly net cash flow out of this door after all expenses including debt service, then I am making $1200 a year on one door with none of my money.

Hi Guys I'm new on Bp But I need some Help I showed one of my units today to a nice couple that does not have a social security # or driver license #.

But its good to have that piece of mind when you're seeing 20k go out the door in rehab. :-)

Purchase Price: $174,900Mortgage: $838.89 with 20% down @ 6% and 5% closingCash Outlay: $43,725-Income-Rent: $1900/month (optimistically)-Expenses-Maintenance: $190/monthVacancy: $190/monthProperty Manager: $0 (self PMed)Insurance: $115/monthTaxes: $510/month (ouch)NOI: $16,860CoC: 1.54%CAP: 12.52%Profit: $27.99/door/monthI would have to offer $130,000 on this property to make $200/door/month.

I'd love to see Michael Moore knock on the door of RobK's home & interview him for this movie.

Jake, a non-profit has many doors to it, I didn't look it up, but a 501C3 is a non-profit, charitable services, a B may be for the public benefit, Steve H could look that up, but, besides the designation;Search here for non-profit, I had discussed doing hosuing as a non-profit having been there.

These days, you'll want to find the off-market deals -- door-knocking, direct mail, advertising, networking, driving neighborhoods, etc.