Of course appreciation may be added as well, but only liquified via sell or refi cash out (which is also tax free by the way).

That's easy to determine by looking at the classified ads in your local newspaper or talking to other successful landlords in your area.Finally, your insurance cost of $22 per month looks suspiciously low to me.

My partner and I were looking at a house where the homeowner had gotten really weird with renovations -- walling off rooms to make two small useless rooms, taking down a wall to make one large useless room, and adding a second story addition that could only be accessed by a tiny spiral stair case.When we said this would be tough to rent out, she said: "Oh don't worry, you can always throw in a bunch of college students."

.- Install added insulation (attic, basement ceilings, ect)- Install Energy Star appliances- Convert oil furnaces to gas if possible.- Upgrade furnace to high-efficiency unit (90+ rating)- Convert oil water heater to gas if possible.- Recycle: demo, paper towels, drink bottles, ect.- Replace the toilet (old toilets use a lot more water!)

This is like a pot of gold you found in Biggerpockets.

The best way is to have a number of these going, and have ads runing all the time for rent to own buyers, and keep a list of potential ones so you can call them the minute you get notice from your tenant buyer or if it appears they may leave you.

That's how I started out--the property management company put my phone number in their ads.

If the house is sold, the added fret of dealing with the new owners is very traumatic on already bothered homeowners, who may feel that all is lost and must leave the property at all cost.

If you put in a down payment, your cash flow will improve, but the added cash is the return on your invested cash and not from the property.

Yes, you definitely need a D-U-N-S number for business credit, but it doesn't cost $599.