They pay $300K for a 3bed where they are and rent for $2200/mo, we pay $65K for a quality B class property and rent for $850-995 with rehab complete and management in place to make it hands off and as easy as buying a mutual fund, with far better control and performance.  

In my neighborhood a 2/1/2 goes for 1,100, a 3/2/2 is 1,200, and a 4/2.5/2 is 1,300.

., thank you for your response and a clarifying point.

You need to locate those properties in a populated city with diversification and a growing population.

Fairly easy to install but special saw blades needed and a $10 tool for edges.

At 25% down you are looking at a 32K house and a $24K loan.

The loan is a commercial cash out refinance at 4.75% with a 5 year rate reset and a 10 year balloon.The property rents for $1,350 per month.

People love to rent something for a week or two up north during the summer.Best wishes for profitable real estate and a productive school year!

The billboard company has 6 years left on their lease and as with any major billboard company they have an easy out in the lease(90 days).

I am no mentor, but a long time Brooklyn owner of both condos and a multi-family.