with this approach you would double your money in under 7 years and if things did not work out as anticipated you would have more than enough income to pay borrowing costs.Appreciation in these markets would be a bonus , you make your money on the rental.

My unit is two bedrooms, another one is two bedrooms, and two are one bedroom units.

Not war zones, but nice low-to-moderate income suburbs. 3 bedroom 1.5 bath brick ranches and bungalows.

The building is 24000 feet with lots of hallwys and public areas, and typical 1 bedroom is around 750 sq. ft.Note: this would be a cash purchase with no debt.Calculated the NOI of $31k as follows: Gross Revenue: $101,000Taxes, Insurance, Utilities: $27252 (verified) All told, the Gross Revenue is $101,000 per year.

Mortgage+taxes= $2700 per month.In 2010 I bought a 3000 SF short sale for 860K, renovated, now it's got 6 bedrooms and renting out for about 18K per month, mortgage+taxes are about $6500 per month (15 yr mortgage)There's some other business expenses as well with these houses.The business of renting out the self help houses is maxed out.

I have a 3 bedroom Single Family Home for rent.There are 3 persons (friends) that want to rent the home and split the rent.My question revolves around how I should legally structure the lease.I am thinking I should sign the lease with 1 of the 3 persons, and that person is responsible for collecting and paying the full rent.

We make basements into an extra bedroom/office and a rec room.

Its a one bedroom condo and she is listing it for 70k one just sold for 92k but the recent comps are at 85K it needs paint and carpet and is vacant.

One deal I am working on is a 3 bedroom SFH.

Sec 8 allows up to $1100 monthly for 4 bedrooms in this area.Here is my thought:What if I upped the rent and dropped the deposit for Section 8?