I drove by there 4 to 5 times, tried to convince myself to purchase it, but still don't have the brave to buy it due to the unknown class of tenants.  

We often sit around wondering “if they can do it why can’t we?”

Pick a pallet that you see used most often (probably will be a grey scheme).

Ads often say "buy for the cost of rent" and compare rent to the PITI payment. 

Great loan.Good your adjusting the repairs, I think sellers often ramp down their repair spending in the time before the sailFor the capex, you are going to pay it either in repairs or in the sale price so I'd include at least 10%, in other words, lets say you have a 10 year roof, the place is 5 years old.

Cost is normally low for a low number of units, and they often include other perks like fee tenant screening or light legal advice.Bigger Pockets also sells forms for many states.Make sure you get something specific for your state/area. 

Just wondering how competitive it is and how often I could expect to have it rented.

Hello Everybody, I've often wondered about this but I've recently talked to a friend of mine who is in this situation.

This can be good, as they may have family or friends who my be interestedThen, you'll get realtors calling saying they have a buyer (usually its a friend they use), but often this can be a round about way of them trying to get in the property and meet you in effort to get you to list with them.Then you will get the people who call...saying, "I'm a cash buyer"   This is usually what comes out of the south end of a north bound bull! 

id=1Zof64ecPRvOJy79HGXwWyVO7WDFjNGBzDetailsThe reason why I laid out all those prices is because I read a lot of success stories before I started and often times there was very little information about how much money was spent where and why.