If people pay that much for a house they may not want the neighborhood he rehabbed in.

The place needed mostly cosmetic work but was a cute house in a nice neighborhood with a great yard.

Some of the questions, like "how much do homes in the neighborhood go for" could be found out by you.

Be tough to do 30 rehabs at once.That sort of sounds like neighborhood revitalization, unless there are just individual properties spread out in otherwise nice neighborhoods.

Jon a couple of months ago I ran into a short in a 180K neighborhood. 2 plasm televisions, surround sound in the main area, Jag in the garage, no carpet on the floor in the livingroom just OSB.Some peoples priorities are just out of line.

It varies from neighborhood to neighborhood, so you really need to know the details of where you're working.What are house prices like?

I am hoping to find the classic “worst house in the best neighborhood.”

Jeffrey, with a variance, the city will make you go through a neighborhood hearing.

I’m aware that being an agent AND an investor might sometimes become a negative thing, but my hopes were that I could make money to buy my own properties and learn more about the industry all at the same time.Although I love every aspect of RE investment (flippers, foreclosures, etc), my long term goal is to own rental properties, (as many as humanly possible :D ), and considering prices in the Boston neighborhoods that I’m interested in, I’m guessing that I’ll need at least $50,000 before I can buy my first property.

If they make every payment on time for a year or two, your investor friend can hold the note for a nice investment over time.I do think that giving them 80% of the payments towards equity is too much, he should consider much less.Tenants should be easy to find via newspaper ads with a prerecorded message to screen out interested people.