I'd forget about their "estimates" and do a little research on insurance, landscaping, utilities.On the surface of it, $2100 gross per month for 99.5k seems pretty decent to me, but you have to consider location, age , quality of construction, etc.

Now I am playing devils advocate here I have bought my share of screaming deals but 5k for this quality of home seems a bit much..Just curious of the responses if any.. or if everyone on here thinks hey buy as low as possible no matter who you take advantage of.This is right up there with Guru ism in my mind :)

Brian's professionalism is obvious and really inspires me to pursue a business quality I don't often see in others.

Are you confident you can find 3 quality tenants for your new property while working full time?

It obviously depends one location and quality of the building and any major repairs that need to be done.

You need to rehab the property to be similar to other properties in the area in features and quality.

Rental adjustments of equal or even greater amounts are being seen with all of our residents as we continue to strive to provide quality service and continual improvement to our communities.

Other areas might be more expensive but have more solid and stable income tenants with less cash flow and more appreciation.It all depends if you need big cash flow today or quality properties to hold for retirement and equity growth.I do commercial and not SFR but I think finding an agent who has the network to show you the properties is the way to go.

Keep to established channels for process, assure management of your intention to deliver quality applicants .Make sure you understand the criteria they are going to use for approval, and recruit applicants accordingly.

This will be one of many closings and I already know this will be the easiest deal of all I will ever do.I want to thank the BP Nation for all the quality, indispensable advice and also because never in my wildest dreams 10 months ago (give or take) when I first found this site and started combing through it and digesting everything I could, did I EVER think my first paycheck would involve 2 BP rockstars.