I also subtract $1,400 for closing costs and inspections when I buy.As you can see, for a property with an ARV of $100,000 I am now at $73,333 - $3,400 or $69,993.

If you don't have any knowledge to share then I'll work for pretty cheep just to get a chance to get a closer look at what you are doing and how you're doing it.

Getting closer each year and building up my list of investors to transition some of these properties.

Lewistown is a 'bedroom' community for State College and Harrisburg, though located closer to State College.  

p.s.If you haven't really looked at the unit yet, he can also do an inspection of all the under sink / bathroom areas, caulking, any plumbing or electrical issues, or any other little fixes/tweaks it might need to get it tenant ready.

The closer you get to D.C., the lower your cap rates.

We see the second unit as one that we could live in 5-7 years and then rent out or sell.We're trying to assess potential appreciation on a home closer to downtown (Lake Merritt) with more urban feel vs one that is more residential East Oakland Hills.

But MLS listed REO's and some of the auctions permit inspection periods.

Best thing to do is get an inspection of your unit with the tenant there.

If there is one, you should also get a copy of the move in checklist/inspection.