I recommend asking the PM you are going with a couple of questions before making the decision, I recommend asking your next manager a couple of questions:Do you mark-up maintenance and repairs?

@Mark B.

@wayne brooks, I have a percentage that works at the 90-120 day mark after foreclosure.

In addition to forced appreciation of a renovation, the area where i live has gentrified so much that i feel it's time to sell hight and move on - but i do want to wait for a two year mark to take advantage of a long-term capital gains exemption.

@Mark David  do you own the tax cert.. or are you the title owner of the property?

Usually there's a big red knob on top of the temperature control that is marked "ON - PILOT - OFF". 

@Mark Moyer  @Ozzy Sirimsi   You guys are both right the  price points are likely not sustainable for renters.

I think sometimes dealers will mark it up a bit to make more money.

I started looking around on the internet and I was fortunate enough to find the blog of a reputable investor, Mark Ferguson of InvestFourMore.com.

Same as yours.When I hit the 5yr mark for the 2nd time on one this spring and they sent me a new full 1003 app to re-qual along with the opportunity to submit again my PFS and last 3yrs tax returns, the  LTV was less than 33%.