Bought a HUD in Dec. that closed on Jan 13th for $46,000 and will spend about $5,000 to get rent ready.

You could buy a nice home for say $40,000 and then spend $10,000 - $12,000 in renovations and it would be valued somewhere in the $70,000 range.

But his initial outlay is much lower than the note he holds so the returns can be significant.My daughters have been doing the same but they like to spend it.

But, the net-net is once you get to the point where you are beyond the exclusion limit for estate taxes to kick in, every single penny I spend on estate planning seems to return to me dressed up like a dollar.

I'd spend a couple days going through every result one-by-one, and then once I had sifted through every listed property, I'd edit the search to only include listings that had changed (new listings, price changes, etc).Every day, I'd review the changed/new listings.

Option C is spending ~2-3K to purchase furniture/furnishings and store it in a garage we already own and have ample space in.The AVR of the house is ~175K, so we're looking at 1% of the price of the house.

I have to spend time with the buyer explaining what they will have to do to get that yield or they have to accept a lower cap for something fully functioning. it's great people have money and want to do things but it has to be realistic for the area.Now if you look long and hard enough and make offers might you find something?

All this being said, every market is different and it depends on the service your property manager provides and how much time they spend on your property.

@Ken Yarborough,At the top of this page, click on the "learn tab" and you could be spending many hours with the Information that is available.Raymond

Spend the time and money to investigate the areas you are considering and get going on the purchase sooner than later.