That way, no refi for them if they don't pay you; no selling it either.Now, part of your preparation of the property for the move-in is supposed to be an inspection of the premises, and to correct any safety issues and to perform needed repairs.

The home you live in is ultimately a money suck though and it isn’t a GOOD investment UNLESS there is extraordinary appreciation during the course of owning it.

I would research the neighborhood it is in, but in Cincy 15%+ CAP's ar enot uncommon.This is the exact reason I am looking at markets in the midwest, particularly OH and IN. I

As of now, i am showing a massive loss because I have all of my rehab costs entered in vs just a few months of rent coming back in. I

Paul-Which state are you in. I

Everyone wants washer dryer hook-ups.I rent to pets, so my applicants are looking for a fenced yard.Every applicant is looking for clean and good repair.The town I am in is small enough so that any house has good access to just about anywhere in town.

In fact the whole time i was there, the areas we were in i never once saw a grocery store, a target, a mall, anything.

I know the areas I want to invest in. I

If you mean the first wholesale deal not rehab flip I put none money of my own in. I

The thing with Real Estate is there is no Ceiling, what you put in is what you get out and then some.