It is a time tested formula as well.

I wanted to err on offering to high rather than too low, to test response rates and ensure responses came in.

But people do have a tendency to 'TEST LANDLORDS". 

I remember they mentioned it briefly during RE School, but I don't think it was on the test so I know next to nothing about the idea.Originally posted by @Aaron Trommater: I have been looking in the south tampa area. its very hit or miss.If you are looking for buy and hold, you should check out the Seminole Heights and Tampa Heights districts (area codes 33603 and 604).  

Pretty straightforward, but paperwork intensive.

I also heard of a SD lady who was successfully doing vacation rentals in Ramona ... forget her name, but sounds like an interesting strategy especially if you are in a unit next door and can manage yourself.FHA is rough for fixers, especially 3-4 plexes in SD (google "FHA self sufficiency test").

IL and IA have had laws on the books and EPA has every right to come in and test if any child who has as much as PLAYED at your property tests positive. 

The ones that haven't been selling either are priced too high or have some fairly intensive rehab futures ahead of them. 

I will be selling off at least two houses per year so I'm definitely ahead.Second, I have friends who need help buying or selling or that refer others to me so it's provided me three other sales this year without me doing any searching for clients.Third, it gets me in to houses without needing someone else to let me in and then I can write my own offers if I were to choose to.Cons are that it takes considerable time to study and take the test. 

I am at pain now to know when someone is Genuinely in difficulty versus trying to test my limits.I met the tenant few times and everytime he told me he is sincere in giving it back..