No market is perfect.

This couldn't have been timed more perfectly with a deadbeat tenant at my most in-demand house in the nicest area (nicer than where I live, which is probably wrong) threatening to pull the slumlord card on me to break her lease get her deposit back.

If you can bounce perfectly, your max is going to be 9 - 13 deals with only a single team.

With Asia's growth, Japan presents a perfect alternative to China, which many still fear is difficult for foreign investors due to government control and high corruption.

He wrote to me to tell me how much he liked the letter and that he had been working to perfect his marketing letter for years.

If It's real old you might have clay pipe or galvanized going to the street and have galvanized inside of the property.This goes back to did he just tie into old stuff in the wall for new kitchen and bath or actually fix everything comment.As far as not paying rent it is a DISEASE.The tenants all talk and when they say they haven't paid rent the rumors start to swirl.Maybe the owner doesn't care anymore,maybe management doesn't care,maybe the owner is in foreclosure,maybe a bank took it over etc.More of the tenants will not pay and a pattern will develop.This is why it is critical to always file for eviction no matter what.The tenant can always pay and stop the process.If you rule with an iron fist the tenants know and are conditioned to pay the rent.Some are like children always testing you to see what they can get away with.This is why if you don't do things the same way all the time it can send mixed messages to them.It's that one moment of weakness that they take advantage of you.

But if you do a total rehab you might be able to get away with it.

Disrespecting you and your property is a perfectly valid reason.

Whether its a perfect solution or not is debatable, but it is indicative of how the market values homes in the area you're looking to purchase in.As Bill said - it's pretty common for the tax assessor to have incorrect sq ft information.

I'd love to get your knowledge.Studying is great (feel free to check out my website if you're interested in rehabbing), but eventually you'll need to get out there and gain some real-world experience...and you're going to need to devote some time to that...When you're ready to start getting real-world experience, I highly recommend finding a successful investor doing whatever it is you want to do, and offer to work for him/her for free for 6 months -- even if it means getting coffee, doing errands or whatever -- in return for them training/teaching you.People think it's perfectly reasonable to go to school for many years to learn the ins and outs of their trade/career, yet can't seem to fathom spending 6 months devoting their time interning for free to gain real world experience.