Hey guys, wanted thoughts on this:Have a qualified applicant that I have an extra good feeling about: only problem is, the home does not come with central AC (we provide new window units) and the potential tenant says its a deal breaker.The neighborhood has a mixture of homes WITH central AC and some without, so providing window units is right in line with the neighborhood. 

Utica and Corning, NY?

My point was that you don't have to be in a war zone or in some remote corn field to get 1%. 

For my rentals (in state), when I have turnover, I use a mixture of Cozy.co's listing feature, which propagates to other sites like Realtor.com, and Zillow Rental Manager, which is also free and propagates to Trulia and Hotpads.

Your corn flakes will get you before the asbestos does.

Honestly, it was a mixture of preparation (ability to close on my end), luck (the seller being motivated to sell his duplex for under market value) and the quick ability to act.

No, we didn't have a termite bond because our first handy man treated all properties with some kind of lime mixture and when he quit working for us due to a disability, it didn't occur to us to get bonds and have annual treatments but, we do now.

Every payment (unless specified as interest only) is a mixture of basis, gain, and interest. 

The equity if cashed and paying interest at a modest 5% pays what I'm getting now, without eating any corn seed . 

We closed on the purchase of five single family homes, mixture of 2-3 bedroom, 1.5-2 bathroom homes today with a commercial/portfolio loan.