It's a crap shoot.

You should be shooting for $100 per door so this would not be considered a great deal, but this is ONLY using this rule.That stated, you also stated that owner (LL) pays for some utilities which can increase your monthly expense ratio, so be careful.Applying the 2% rule, if you get $1200 in gross rent, you should pay no more than $60k.

Shoot me a PM if you're interested in the link.

Shoot, just the COST of selling this house is a good down payment for another property.So Kevin, unless this house has some other outstanding feature, such as closed comps over $225,000, I think paying $190,000 for $1,795 is not really that great.

Hey Don,Shoot me an email, I have 2 or 3 I can email you back to look over.

Shoot, I would offer $5,000, ALL CASH, and see what they counter at.I have bought 5 houses this year, all cash, and my costs were just Title, Closing, pro rated taxes and some inspection fees.

Of course, this wasn't an in depth business analysis, just the statements coming from a guy sitting on our jump-seat while shooting the sheep on a Chicago to San Francisco flight.

And if there are any new investors in Arizona that want to share goals, track progress, or bounce ideas off one another shoot a message to me.

that the big, evil investment bank would have to write checks back to the homeowner should variable rates shoot up.And of course, the easiest solution -- for most people -- to get a fixed-rate loan is just to refinance into a fixed-rate product, and the banks love nothing more than refinances because they generate lots of juicy fee income, ergo they have little incentive to solve the problem by doing interest rate swaps.I love this question, though.

Name, phone number, and email address is all I need to shoot out an email with any deals I have available.