And I've had almost brand new furnaces require significant repairs.You can, and should, use the 50% rule in combination with your other assumptions (market rents in your area, financing) to compute what you can afford to pay.

On the ground, not just by computer.

Also, as the mobile computing trend increases, I think our potential tenants will be using such a ap to quickly shop our offerings against the competition.

I won't attempt to compute the yield if I buy a 100K balance for 80K and refinance it in three weeks!

I would love to do email, but I think the tenant class I'm dealing with isn't particularly tech savvy (my 3 other tenants don't even have computers).

Now, before going to closing, be certain to determine any needed repairs and include them in your acquisition costs (or deduct them from the purchase price), and then re-compute your analysis of cashflow.

The same goes with value estimates - always verify with a desktop appraisal ($85) or perhaps a BPO ($100+).

People use online software because it is backed up on servers off-site and can be used from any computer anywhere in the world.

When doing a move-in you should also tell them how the rent will be collected.I might get some of those for them, they had told me they would be paying through the online payment system I have, but I guess they have had trouble with their computer so I will give them another way to pay.

I can't stare at the computer 24/7.