@Charles Blain Westminster, CO 

@Charles CooperThanks for the info.

@Charles Atkins Thanks!

On the other hand, returns on fixed up properties can be lower.I'd guess it is really a matter of preference.I highly recommend The Mobile Home Park Investing Podcast by Kevin Bupp and Charles DeHart.

The numbers are tight on this deal but I am hoping I can help her... the deal goes as follow :Rental Property #1 Saint Charles Memphis TN 38127 ( 3 bedroom /1 bath )Currently has a mortgage that she still owes $30,000 Current market value of the home is $33,000 property needs minor repairs new carpet and toilet other than that property is in great shape Mortgage Payments are at $395 per month ,the property is currently being rented out at $695 per month she is currently collecting rent her self ,so no property management is in place  tenants have been in place for 2 year now and are great tenants property annual tax is $405. 

I would agree with Charles that if you are getting showings the rent could be to high for your area but you could also be advertising to lower income tenants who aren't looking for an up and coming area.

@Charles Elmer you were able to do 3% down because you are paying the owner directly every month and not a bank?

@Charles DarlingWelcome to the BiggerPockets community!

Thanks Charles!!

Originally posted by @Charles Whitaker:Originally posted by @Jack Seiden:I generally think the 70% rule in useless, to me it’s about the spread between what I can buy for and sell for.