Properties with 2 or more bedrooms and 2 or more bathrooms are always in HIGH demand.Hope this helps to give you an idea of what the market here is like.

I have toyed with the idea of doing it but I haven't actually followed through with it because I have been unsure of how the whole double close/assignment thing works in our state.

The house is a 2 bedroom/1 bath, 2 car detached garage.

Every investor has their own "deal evaluation sheet"You need info such as bedrooms, baths, repairs needed, their monthly payments, their mortgage balance, how much they want for the property, will they let you take over their mortgage payment, why are they selling, etc....Most importanly you need to know their motivation for selling and if it is even worth your time to look at this property.

My reasoning is that Cincy is like a mini Chicago by comparison dealing with alderman, getting permits, etc.

According to the title search, it's a 3 bedroom, 2 bath, ranch-type, SFR.

Property #1Purchase Price $149,500 (Nov 2004)PITI - $1725 (includes $350 for HELOC, $250 for escrow shortage pymt (12months left), $125 Association Dues)Rent Received: $1195Net - -$530 (ouchhhh)And this does not even take operating expenses into acct (double ouuchhhh)...and a very high vacancy rate in Property #1...Positives: This areas has NOT seen a decrease in prices at all.

That translates into a doubling of value in under five years.

I asked about her voucher allowance for a 3 bedroom house.

Got excited so I inquired about a 3-bedroom (95 sqm) apartment at $125K.