How you respond to a situation is critical and will have a direct impact on how well you do in this business.

Were any impact fees applied?

These things will impact your ability to rent that house to a solid tenant.

A short time horizon means that even small movements in cash flows impacts the numbers significantly and thus they lose the glamour they would have if they were being held longer3.

It's not college ghetto but my city does have a big student body (5+ colleges, and a university).

This free seminar will provide information on:The amount of money and documents required to secure a winning bidHow to pay for the property if you have the highest bidWhat is the Right of Redemption and how that may impact a saleHow long the process will take for the winning bidder to actually receive the deed for the propertyHow to recognize, and research, the type of property you are seeking to purchaseSeating is limited.

That makes me proud and happy to be a part of my city’s revitalization, however small my part may be.My Pros and Cons:3 Pros:Price points are low even as the city's economy is growing in many sectorsROR (12%-18%)Lots of solid brick, historic and craftsman buildings3 Cons:Hot, muggy summers and cold icy, wintersYou need to know the city to be sure you're investing in a safe area; two blocks one way can be completely differentRacial tensions; one of the most segregated cities in the USAs real estate investors I think we must be business people and also dreamers, whether the dream is about the impact we want to have on our community or our own lives.

You have to vet the source and make sure what you are learning is correct.Next once you have determined you have the correct knowledge you need to implement it to have an impact in your life.Example: You could read the best exercise book in the world but until you place in action the newly learned accurate knowledge is going to waste.    

Taking time to study, taking people out to lunch, coffee, dinner, networking, continuing to study, continuing to network, getting out of your comfort zone...I wanted to thank everyone here whose had both a direct or indirect impact on my education.I'm excited to share pictures of my first rehab once it's under contract and hear all of your feedback.

How long have tenants been there as compared to turnover for stability of servicing the mortgage and find out the breakeven occupancy level for your purchase price and mortgage rate and terms.Now you said you factored 60% off because landlord pays water trash but the numbers are off.If 50% you would go X .50If 60% costs you would go X .40 ( 60% costs ) = 26,352 X .40 =10,540.80 NOILet's say 10,540 annual NOITake 10,540 / 145,000 = a 7 capSo it looks like you went the other way doing your calcs.26,352 X .60 = 15,811.20 which is your annual cost and NOT the NOI.On these properties you need to see how the other landlords treat their buildings which will impact ongoing cash flow and quality of tenants for you and resale value.