Tenants pay all utility's. 2 bedroom, 1 bath. 1 car garage and full basements per side.$2850 property taxes.$800 insurance.20% down @4% mortgage.House is built in 1995 and is in excellent shape, w/new roof in 2010.Would have to do lawn and snow Myself.Here's the angle.

>A property management fee is essentially an agreement to collect the rent, pay the utility bills and then forward the remaining rent to the owner.

If not, I would pull the siding off around all windows and do it right.See this photo, installer is putting a weather proofing type material over the edge of the window, so water cannot penetrate from behind the siding.http://www.finehomebuilding.com/how-to/install-replacement-windows-and-flashing-correctly.aspx

Definitely age does play a part in value.... oh and condos are certainly age driven when it comes to value.I think it has to do in part, with the type of property building materials that were used back in the depression era vs those materials used post depression era...

As far as all the other marketing material people get on a daily basis, I thought about asking that but only after I got off the phone with the guy.

@Eric DubruleAre utilities included?

At least in SoCal/Los Angeles County I should be able to experience decent appreciation.(2) I don’t have a good feel for the area, so I’m hesitant to purchase in the wrong type of area (bad location, bad pool of tenants, etc.).(3) I'm a beginning investor who intends to be a hands-on property owner (at least as much as possible at the start), which means a lot of long drives from L.A. showing properties, dealing with utility companies, handy-man/contractor visits, etc.

:) It was disclosed by the Seller (The Bank) that the prior seller may have buried demolition materials in the backyard.

, and Audio versions of Real Estate Books on the way to and from work to utilize that time for your education.2.

So long as the private lender is utilizing their actual monies and not borrowing from a third party then charging HML fees when they loan it to another, its ok.