They have recently spring forth as two new iterations/websites to try to escape their reputation and keep ripping off investors- The other two current names are Real Estate Federal, and Real Estate Leads and Appointments.

Now if I am able to reduce the expenses to say 50%, by replacing resident management and staff with external property management, the property will cash flow nicely.However here lies the rub: in order to maintain the Section 8 subsidies there is apparently a budget which gets submitted to the Dept. of Housing and Urban Development (HUD), which accounts for all these expenses in their calculation of the Section 8 subsidies.

Let us know what you are trying to achieve, that should help us help you develop buying criteria.

I've been a web applications developer for the last 12 years, and I'm really excited to mix my tech skills and entrepreneurial drive with some purposeful investing.I have some experience as that typical "accidental landord" and have held my first home as a rental for the last 10 years.

One of the condos I own had sent a letter to owners indicating that some units have had leaks coming from the bathtub's faulty diverter valves (likely due to poor pieces from the developer) and it recommended all owners should change them as if leaks occur they would be held responsible for any damage to the building and other units.I spoke to my plumber who had a look and said that the diverter valves are inside the walls which are inside my unit and the other units that he has fixed in the same building were all held responsible for going into the walls and fixing the plumbing.

Always find a reputable GC to bring with you, and make sure he gives you an “all-in” full reno estimate.

I do not currently have any properties in west Salem but I do know the area and have family that live in both the newer area in the hills and some what older area near Salemtowne; I have previously lived in west Salem and helped develop one of if not the largest apartment complex there in west Salem. 

But our building is pretty high dollar value and I have to have a reputable firm do it for this particular situation.

Also as the tenants pay down your mortgage you can use that equity for other real estate transactions.While hiring a PM is very daunting and we tend to get a bad reputation it is possible to have a positive experience with a PM. 

Long distance investing seems a little intimidating at first, but I think by developing the right team, and with family close by, I'll be able to make it a success.I'd love to chat with anyone in the area and connect with the community.