My gross expense including sales tax is $11602 (I added estimated utilities, etc for Oct).

Also, homeowners in default vacate their houses for any reason they see fit...mostly because they are done caring about the property...they have to leave anyways, why not move on with their life before they bank evicts them.It is also no concern of the investor why the homeowner chooses to move out.If you can swing it timing wise it is a good deal for several reasons...the house doesn't sit vacant....you have somebody living in it that knows the deal (you disclose to them exactly what is happening and charge them a monthly rent below market value)...they can show the house for you if need be...the utilities get paid...and the investor can make some positive cash flow while negotiating...let's stop pretending this is hurting anybody...and most of all...dont make me think for a second we are concerned about the lender losing money because the investor is profiting....its the homeowner in default on the hook and nobody else.

The taxes, insurance and utilities will be roughly $360/month.The comparables are good: we can raise the rents about $200/unit/month or $800/month, maybe more.

You just really have to look at your business model and decide how you want to utilize your website.

Advertising, screening costs, etc.Make them aware that if they're uncooperative, or if you can't rent it util 12/1 or whatever, they are still on the hook for the rent until you can.

Well they stop paying rent and never put the utilities in their name and not to mention the fact that the never helped around the house.

The house was a foreclosure wanted $20k and we got it for $12k - we did an analysis and breakdown - we are going to spend $13k in fixing this property up (labor and material... thank goodness this is what Dan does for a living!).

The house was a foreclosure wanted $20k and we got it for $12k - we did an analysis and breakdown - we are going to spend $13k in fixing this property up (labor and material... thank goodness this is what Dan does for a living!).

Anyone utilizing Wendy Patton's resources?

Just the cost of postage and materials.