A 5 bedroom property is not your ideal rental but it's worth considering compared to selling the property.

What are ideal terms?

They should serve as rough guidelines only and make sure you know how the different letter grades are defined by the person using them.2) Ideally, you're making this determination about areas where you have some familiarity and first hand knowledge.

Today was my off day, and I decided to tag along with friend to the second most popular auto auction in Cincinnati.

Someone who ideally owns some investment properties themselves and understands cash flow and what matters to investors. 

The ideal scenario based on your situation is to secure it with financing in your name and then do a quit claim deed into the llc.

I just found a house that's in our ideal neighborhood (we'd use as a rental now and later move in when we move to the area because the schools).

You want to factor these seasonal costs into your numbers (and using real numbers for contractors in your area is ideal).

My question is, whats a good buy price. the owner now seems to have a lot of interest at 6500, but i just think that because of the work needed that i need it cheapier. however, even if i just rented it. here is some fast basic numbers.lot rent: 300could rent for: 600Thats 300 a month, and 3600 a year. no maybe not the ideal price. but for less than 10k still not bad.

Our cost = $75 one time attorney fee.14 - Handles everything online with immediate up to date access.15 - Auto deposits into account of choice16 - Sets up auto collection of rent online.17 - Provides our tenants with online access to their account so they can make payments, see repair status, make complaints or reports, etc...18 - Pays for any overages on maintenance not covered by cash reserve, and allows us to reimburse with cash flow19 - Handles an Annual property inspection for us at no extra charge.20 - Gives us a volume discount...like I said, I won't analyze a property without them, and won't leave home without them.