Our first tenant moved out to move to another city and we have new (young 23-24 yrs old) tenants who moved in a few weeks ago and I'm already concerned about quite a few things we've experienced (telling us they had 1 cat when they have 2 and finding this out after they filled out the lease paperwork, dog waste in the yard, animal smell in the front hallway, never ending laundry in the free laundry facility in the basement).

Note, none of the girls were over 20 yrs old!

She had a good loan in place, 30 yrs @ 3.75, p&i was $875 (it might of been $900, but definitely lower than rental market of $1200-1300 per month).

.$25 increase every year:$1000/mo10% vacancyYou collect ~$120k of rent over 10 yrs adjusted for 10% vacancyVS$100 increase in yr 4 and yr 95% vacancyYou collect $123k of rent over 10 yrs adjusted by 5% vacancy

CURRENTLY RENTED TENANTS PRESENT FOR 3 YRS.3.

I actually looked up the underwriting guidelines and got the low down on reserves, LTV, rents showing on 2 yrs of tax returns, etc. 5-10 underwriting is stiffer, but not that bad.Now with Ben saying that rates will remain low for at least two years, the pressure is off to grab these rates immediately.

I'm not familiar with Oregon real estate, but I've been doing this for 3 yrs here in Texas as a licensed agent for a brokerage that specializes in wholesale deals.

Rents in my area close to market..Advertised $750..Sect 8 approved $702...rented section 8...The $48 not a deal breaker..rented 2 yrs and up for renewal...Screening for Sect 8 the same except for income requirements..Good luck!

Remember, if your tenant has any children under 6 yrs old, you can have no flaking paint anywhere on the property, including the garage.

This is my understanding, please correct me if i am wrong. if rental on tax return > 2 yrs, thenneeded reserve for that property = PITIA - 0.75 x rent x number of months ( 6 or 2 as the case may be)otherwisereserve = entire PITIA x number of months (cannot deduce rent) The reason I am asking is because right now I have one owner occupied and one rental for more than three years now; the PITIA on the rental is a lot ( about 4K) and the rent is around 2.7K.