At two grand cash per year your going to be negating with a single months vacancy plus re-rent costs.

We're feeling a bit sad with the inventory we've seen in Grand Rapids. 

You live in the OC and nothing is selling here below a few hundred grand, unless maybe some dumpy 1 bed condo in a horrible location.

I bought in a suburb of Atlanta, GA.The Numbers (all annualized):Paid Cash: $77,400Rehab: $21,000 ( estimate was $16k, but when we turned the power on after closing, the HVAC unit was dead).Closing, commission, legal and other: 10,000All in: $108,400Current comps: $115,000Rent: $13,140 Management: $1051.20Insurance: $700 HOA: $150 Property tax: $1,527 NOI: $9,711.8Cap rate: 8.4%The HVAC unit cost 5 grand and was an unpleasant surprise.

My earnest money offers are never more than $1,000. 15 grand is a lot of cash to tie up unless you're really flush with money.

Don't try to hit a grand slam this year.

Just don't expect to be pocketing almost a grand every month.Sounds like you're talking about a wrap.

there is gas here. could convert....but look at another maybe 50 grand or morein costsmy furnace/system installs average 6 to 8k per unit.but alot of these tenants like electric because ppl is more flexible with payment plansbut...one more reason that its a deal i want to wholesale or pass on

The RV cost him 2 grand .

There will also always be consumers who see brokers and agents as a necessary evil and dirt under their shoe.Different strokes for different folks.My commercial business is incredible and the best it has ever been.It's more of a gimmick and teaser on residential to get calls as the article states a fee close to 10 grand on the list side when average houses there are 400k so a 2 grand difference.I think 20 years from now we will still have the same discussion.