If you had $50K in income and could justify $25K as a salary, this might be worthwhile.

Hopefully, you bought the house cheap enough to make all this hassle worthwhile.

Uh-oh.Seeing comps for the area at $450k, the lender didn’t see the how they could sell it for the profit needed to make it worthwhile.

He doesn't always use his own money, so yes he benefits from the form his 5 points, and then the actual investor whom gives him the cash wants to see his money earning interest, preferably for more than 2-4 months, hence to make it worth while for his investor to lend for such a short term he sees it necessary to up the rate.

I was doing some online surfing looking for a legit website offering online auctions on foreclosed and tax lien properties and it got me thinking; what websites are some of you using to locate worthwhile properties in your area?

An example, FDIC does not receive tax payor dollars, income is from premiums paid and fines.I'd say the intent of recent changes is in reaction of public abuse and the potential profits for banks and other larger players, not that a small guy can't be tracked or held responsible, it just hasn't been worthwhile to nail the bad ones in the past.

I do not take into account advertising as I plan to use craigslistSo for example: Fourplex in good rent areaPurchase Price 129,900Rental Income: 2200/month (525/unit)Maintenance: $220Vacancy: $220Property Manager: $220Insurance: $120Taxes: $378.88/month (@3.5%)NOI: $17,040.00CAP: 13.12%Cash on Cash: 11.81%Profit per door: $104.52The same property in a better taxed area is:Purchase Price 129,900Rental Income: 2200/month (525/unit)Maintenance: $220Vacancy: $220Property Manager: $220Insurance: $120Taxes: 108.25/month (@1.0%)NOI: $17,040.00CAP: 13.12%Cash on Cash: 19.46%Profit per door: $172.17It really is the difference between making a property average and worth while.

I don't show houses to anyone unless they are a close family friend or relative my full-time business is property management and I think that's where it's hard to find good PM.They are out there though may be worthwhile to go to REI meetings and ask who everyone else recommends write them down and give them a call.

The font looks really good so I'm not sure it is worthwhile to write out all the letters by hand - that would be time consuming, but I know some people on this site use that method.Let us know how this marketing works out for you.Kyle

If I get more info on your lot, I may be able to determine if it would support units on its own, or if it would need to be adjoined to others to make any development worthwhile.