If you were you make $200/month in net cash flow, this is $2400/yr cash return on your $30k of equity, which is an 8% return (2.4k/30k), plus any tax benefits, appreciation, & principal paydown on the loan.

I have seen properties with bad language in the lease and the existing tenant, essentially a train wreck waiting to happen, that i have passed on buying - life is too short to take on known problems. 

I've owned in rent-controlled LA and it is terrible especially when a tenant abuses the system and knows what they're doing.Better Housing For Long Beach "BH4LB"http://www.BetterHousingForLongBeach.comSign up for their email list for LB rent control news.They're to push for rent control and just cause eviction [essentially you cannot evict someone without a real reason not just the current 60-day notice].Why Rent Control is bad for affordable housing:http://www.grassrootinstitute.org/2016/09/rent-con...http://www.gazettes.com/opinion/another_view/anoth...If you own anywhere in California this thing could spread, so it's best to stop it now in Long Beach.Call your local representatives and city council and get the word out.

Another benefit of student renters is that they'll oftentimes encourage younger friends to rent their place once they move out/graduate, which is really convenient when it comes time to get it leased.Good luck on your investing journey!

That way you get the same service done for likely the same low price (much less than a Realtor commission would be), with the additional benefit that everything is easy on the escrow company.

There is no benefit to having a LLC as a beginning investor and the likelihood is that if you do not grow too large you will never need to go that route at all.

These are people that do the marketing to find the deals and essentially sell these deals to investors to make a living.

Hello All: A while back I read a post about advice to landlords and PM's to advertise units under renovation or repairs units ASAP - like when the previous tenant gives notice or is evicted - even when renovations are...

If a prospective tenant has adequate income, a good rent payment history, no evictions and isn't likely to benefit hugely from bankrupting, I'll accept.

One of the big benefits to the person who acquires the option is that they can choose to execute the option or not, depending on market conditions.