I guess cash is pretty safe and not that harmful as rates are so low on CD's.My son is re-fiing his condo at 5.25.

Family needs to sell Dad's 2/2 condo in gated community fast.

So twelve bed rooms total and I'm pretty sure 6 baths.

Wish I'd sold my condo home, down $105k and still dropping.

HUD limits to 2 people per bedroom, so for your 2-bd house, you shouldn't even consider families of 5+.Don't stop marketing until you find a tenant and collect SD and 1st month rent

I actually heard of a guy who focuses almost exclusively on 1 bedroom homes and rents them out to the elderly (mostly) and does very well.

Converting some of the downstairs into a master bedroom with walk in closet and ensuite, 50 % new roof, new floors throughout, paint, finishing a sunroom, refinished kitchen and baths.ARV: $189,000 Comps: #1 - 3/2, Same style house with 350 extra sq ft (mine will be similar with finished sunroom) no big garage.

.- New sub floors in Kitchens where needed , and then Linoleum floors in kitchen- Total Cleanout 3-4 Roll Off Dumpsters for left behind junk- Linoleum in pantry 4x8- 2 Bathrooms - Needs new linoleum and 1 needs Sub floor- Bathroom walls - rip off old plastic tile in one and make drywall and paint - Ba 2 Needs Rip off wall paper and skim and paint2 - Living room Kitchen & (2) Dining Room and 3 (6)Bed rooms Refinish Hardwood floors on ea floor so x22- Living rooms, kitchen and dining rooms, remove wall paper and skim coat, and paint all walls and ceilings2 - Living Rooms and windows remove all trim and replace with new and paint ( lead Paint )2 - Repair Bathroom Ceilings and Pantry Ceilings and then paint6 Bedrooms Fix Drywall, paint walls and ceilings2 Bathrooms install bathtub wall panels2 - Install Kitchen Cabinets , and countertops, and Sink in both pantrys2- Install Dishwashers including pipe, drains and elec in two pantries2 - Over stove - More cabinets in Kitchen @ 6 ft top and bottom with countertops2 Install washer and dryer hookups after bringing power to locationApprox 150-200 ft of Asbestos removal in basementalso what is the lead time to do all this..?

Condos are a good option there as there is a large amount of inventory.

Also, this property is a condo and isn't FHA approved.