A house in one neighborhood may rent for $600/month while a similar house a couple miles away may rent for $1000/month.

The best analogy I use is Im the "cuban refugee" that will jump on a life raft and float 90 miles in shark infested waters and storms to get to the coast of florida all because I want a better life, this person is willing to risk everything to get to a life that they have never even personally exprerienced.

Remember, you'll need pad as well, so factor in another $1.50 per year or so...Btw, anyone who lives in my area (Atlanta) shouldn't be paying more than $4.50/sq yard for nice, mid-grade plush carpet and less than that for 12mm vinyl...we do live about 50 miles from the carpet capital of the world...

My houses are in a rural town 80 miles from Detroit so no war zones here.

There is competition within 3 miles of my location with full service expresss washes.

I have had several people contact me that are moving from a few hundred miles away, they are usually planning to make a trip and take a look at several properties before they make their decision though.

They didn't have kids' seats then.I use to road race bicycles nationall ranked, I'd ride a hundred plus miles at a time.

The seller is livid, because the appraiser used some really whacked out comps (16 month ago sales, and a property that was more than 2 miles away, when there were closer and recent comps).

In the midwest and southeast you don't want to settle for an 8.16% net yield on multi-family property of a caliber where mthly rents are $425 for a 2BR unit.This type of property should have net yields of at least 12%, thus gross yield of at least 24% (assuming the standard 50% for expense/vacancies/reserves), which equates to paying no more than 50x monthly rents, assuming tenants pay heat/electric.

I used to be terrified of flying, despite the fact that I was logging 200K miles per year for business.