Then you would subtract the depreciation expense which will depend on the method you take to depreciate your property...

This is a publication subsidized by Rishel Consulting Group.If he buys a community, immediately join the state trade association in the state the community is in because that association will not only protect his investment, but also be a valuable resource for information and opportunities to network with other community owners.I suggested he do all of this before he starts looking for a community.

The down side is you are living in a renovation for an extended period of time and if you are doing a lot of the work yourself to maximize profit, the trade off is your personal life.

I would think it wouldn't take long to build a mini empire off of this method. 

they'll try to trade work for rent, and will always feel you got the better half of the deal.Cut your losses quickly and evict when necessary. 

Once I started looking at the numbers and seeing what successful people are doing all around me I realized I was trading my freedom for a false sense of security.

I have in my business plan revenue increasing methods (market rent, Washer dryer in room) as well as the rehab of units starting year 2 to increase rents.

What's the best method in your opinion (postcard, letter, brochure, etc)? 

The Ohio Association of REALTORS, with more than 28,000 members, is the largest professional trade association in Ohio. 

Well, there's the traditional methods.