Low-income areas offer the highest cap rates so if that's the guideline you gave to your agent that may be the only stuff that fits your criteria.

I'm going to use your IRR's benchmarks as a guideline and then make any adjustments according to the particularities of the deal.

See the Landlord and Tenant Guidelines for additional information about deposits.Unfortunately, its not clear which owner, current or former, the tenants can file suit against.

Go through the guidelines they ask for and give it a good effort, it will distinguish you from other landlords flying under the radar.There are many more tips this was just a start, I had this info in my head from years of working with these kids and I needed to get the info out.Best of luck to you all with your student rental units.Robert

The only draw back in my experience is that the Va have very strict guidelines as far as the conditions of the property.

Instead we use depreciation, following the specific schedules provided by IRS guidelines.

Or, I'm sure the IRS web site has guidelines.

I would think the profit margin would need to be a lot larger for that amount of risk even though your 70% guideline works.

If it were really that profitable for agents, the industry and brokers would already have set guidelines established.

There is also raw land down in the racetrack area, but that really is gambling.