You can't just charge anything you want in some states.The trouble with having a deposit equal to a month's rent is that the tenant will often want to use it as the "last month's rent" instead of it being for a deposit.

I am just saying that all strategies are not going to be equally profitable for all people and someone who is starting out in business should focus on the one thing that works best for him.

I may be very vital against myself on the numbers, but the numbers have been updated in the posted spreadsheet and look like: ROI16.0%Cap Rate10.0%Cash on Cash12.1%Debt Coverage Ratio1.82Expenses / Income Ratio54.6%My cash flow for 2 doors is: $2,570.96And that's with the following expected expenses:- Vacancy13%($1,872.00)Adjusted Income$12,528.00Operating ExpensesMonthlyAnnual- Property Management $120$1,440- Property Taxes$120$1,440- Property Insurance$80$960- Maintenance$1,500- Utilities: Water$100$1,200- Miscellaneous Expenses$300.00I think I'll learn a lot from my first deal, and I'm ready to write a long story about it AFTER I close.

I would tear it out and replace with sheetrock if it were in any main living spaces (living room, dining room, bedrooms, etc).But, that said, I'm often told that I do more than necessary, and I have a feeling that if you asked my wife, she'd say that in an $80K house, as long as it was nicer than the competition at an equal or lesser price, just leave it.The question is, based on your competition, will removing the paneling significantly help you sell your property?

I treated them all equally and asked they fill out an application which would be reviewed using the same criteria as everyone else.

Net was 10k which equals the same scenario with a lot more headaches/hours/equiptment etc.

If for that market all landlords include utilities even if you meter out individually the tenant will go rent down the street.For a basis on rent levels you look at occupancy levels and similarity to your building.So if all things are equal at 500 per door rent occupancy averages 70%,450 per door 80%,then 400 per door 90%.You want rents based off of the lower number going in.In hard economic times good tenants will stay where the payment is lowest.When hard times come high rent buildings will experience an occupancy dip unless they have great amenities and are newer or there is low supply in the are versus tenant demand.Sometimes even with the higher rent you will have to give first months free or other concessions to move them in or keep them for a lease renewal.So that 500 a month for 6,000 a year now with one month free becomes 5,500 a year or 458.33 month after concessions.

option 1 take x for a down payment and hold a note for 2x at 29% for 2 yearsOption 2Sell an option to buy for $1 for x up front and then lease payments that equal 2x at 29% over 2 yearsWhat other options might I have I paid cash for the property so I can do what ever in terms of titleThanks in advance

Now some will say do that is simply nothing more than getting a return equal to your interest rate, but I don't care.

I tend to like to buy property that has other value add potential or other features that could lead to greater appreciation.All other things being equal it makes sense in my mind to consider non-numeric features that could contribute to appreciation.