The FMV for the unit now approx $175 conservative (still owe $149 b/c of heloc) and there are a couple big plans in the works (huge corporate complex, direct train line to NYC) that would mean lots of growth and possible real estate appreciation in the next couple of years.Property #2Purchase Price $95,000 (Nov 2006)PITI - $1165 (includes $150 for HELOC and $215 Association Dues)Rent Received - $895Net - -$270 (ouchhhhh)Positives: This particular condo unit is in a building that is under renovation.

One book I read in particular, "LLCs For Dummies", had a lot of good info and tips in there.

Also thanks for the tips about the board of labor statistics, that's GREAT advice.

:lol: Seeing as Mickey D's is the leader in their industry, has top of mind awareness, sends their managers to Hamburger University for great training, and generally has a good product at a resonable price in extremely fast time....

> Management agreementHere is a good little tip...add a place for a SECOND contact person- outside of the owner's immediate family, that can authorize financial expenditures when the owner is unreachable.

:cool:

If they didn't notice, or report to you that there seemed to be a problem with cooling, why?

Well I tip well so it was 13 dollars.

Originally posted by "jolllyroger":If you let your puppy pee on the rug without punishment then it will get worse every time he gets away with it.Hmmm...you might be a good landlord, but let me recommend that you don't go into animal training...I don't think you'd be as successful

I set up forms for my prospects to fill in their info, maps to my properties, tips on buying and selling, FAQ pages..... and I even invite any real estate related businesses to advertise on my site (so sometimes I get their referrals).