Installing a new natural gas would also consist of tapping into the gas line at the street.Also, basement is unfinished, but framed for two bedrooms, and there is a Pittsburgh toilet by the steps.

People don't plan for it, but once they get involved in this business, the cold hard reality hits - this is ALL about FINDING MOTIVATED SELLERS on a consistent basis and that is NOT cheap (but it can be reasonable given the ROI).

Emerging markets and tech, those next big things sure get people excited, but investing in the necessities will provide consistent long term growth.  

Birmingham has been a very consistent market that has treated investors very well.  

The seller is currently paying $785 but there are rentals in the area consistently renting out at $900-$1200/ mo.

I think the important thing is to have a policy and stick to it consistently so tenants know what to expect.

And, as I said, evaluation of any investment is not a single calculation or contemplation but we do want to make sure as a matter of practice we consistently apply the core of the same analysis so we compare similar attributes at their core to aide us in our decisions.

I do my own research and then I will consult with other people to make sure that the information is consistent across the board.

The compounding interval is the difference between the stated interest rate and the "APY" or Annual Percentage Yield.On a 30 year fixed mortgage in the US each payment consists of interest and principle.

Unfortunately your experience is consistent with what other people report from PMs.