In watching some of the gurus, I got the sense that I should be sort of like a realtor, in that, I should know an area.

My pm has sort of the same issue, with distance.

VicYour reply sort of confirmed what I was thinking in the back of my mind.

I will not pick one way or the other as it does not affect my business model, however, I would agree with Mark in that wages and unemplyment ratios will have a larger affect on rental prices than anything else.That said, regardless of your view, IF you are a landlord, then you should ALWAYS be adding to your portfolio and as such, making adjustments to the market by adjusting how much you pay.

No, I would not make any assumptions about the presence of utilities of any sort nor about your ability to connect to them if they are present.

There is a minimum bid announced before the auction here, so that eliminates the real need for any sort of bidding war OR a bank rep.

And the good tenants will be resentful that the bad tenants get away with it.It appears you don't have other units, so this may not apply to you, but I assure you that it applies to the larger community of landlords, and the more you let tenants get away with, the worse for all landlords in general.

Well, let's say an agreement is reached to transfer the home via some sort of owner financing.How about a second signed agreement that states:"Just in case, because of regulatory or other reasons, a "more traditional type of sale" is required to transfer said property.

No banks want to loan money and hard money lenders only want to lend larger amounts than I need.

Its zoned residential and there are 6 separate units but not all of them have there own kitchen some have sort of a kitchenette.