I would ignore the tax assessment and the fact that there are no good comps shouldn't be a factor as this is an income-generating property, not a personal residence.

With the potential ROI numbers buzzing through my head, I couldn't see any reason not to take this offer; so I did.Now that some time has gone by and I've generated practically zero prospects with my land FSBO listing, it's beginning to dawn on me that this land is probably not going to sell without some more money and work on my end.

Rent increases will keep you in a positive cash flow position and after your loan is paid off, you own these properties free and clear.Rental property owners don't buy a property to rent, they are buying the cash flow the property will generate.

Looking to develop flipping skills and increase the number of income generating rental properties under my belt.

They charge $60 per month which includes iPad, documents, etc. but for new agents they start you at 60/40 commission splits until you generate $29k total in commissions for the company then they offer varying levels of commission split plans.

It seems like with the right concept, this model could generate some good money.I've got a couple of ideas, but I wanted to see if someone else has already perfected the concept and wouldn't mind giving me some insight on the process.

I'm wondering if I should create an account with Chase or a local bank for my business.I don't know the benefits from one to the other...All I'm looking to do starting out is to hold the money I generate from REI to the account.I would however want the bank to auto-deduct rent from my future tenants accounts in the future without paying an arm and a leg.I'd love to hear how you feel about the two!?

You need something like $6000 a month in rent to generate a reasonable return.

Like most advice I got, if I can generate cash flow or income greater than my current job to help me sustain then I'd feel more comfortable.

This is a technique taught by one or more of the "gurus" to generate a bunch of bird dogs who will "work for you for FREE!".