This tenant hasn't been perfect, minimal problems but always got payed.

With the tax records indicating it is a duplex, I would check to be sure it is a legal tri-plex.

The upside is:you can pay it down at anytime w/o penalty.Many HELoC's are interest only payments, some have a minimal annual principal repayment requirement.

I just include it in the price of the unit (slightly higher since I pay utilities), installed low-flow shower heads and dual-flush toilet handles, and told the tenants minimizing unnecessary usage helps keep the rents from going up..

I've bought several houses in downtown NN and Norfolk for 10k to 25k range and they rent for 700-900/mo pretty easily and some require minimal repair.

One of the units had a big xmas party with family over, so hopefully that added a little to the xmas cheer and enjoyment they get out of their unit.I'm really of the opinion that if you create a safe, welcoming, and friendly environment for your tenants, (as I've said before, the kind of place they are proud to bring their friends and family to) I think you can really lengthen tenancies, minimize headaches, and avoid blow-ups and badwill.

I can come to the same 'conclusion' about price by just averaging what's for sale in the neighborhood and taking 10% off the top (for commission and closing costs.)Besides, I'm a believer that past prices do not indicate future trends.

When I looked on VRBO there was plenty of availability, too, which indicates low occupancy.

Sale price $615kSales costs: $ $30k minimum, commissionOther costs: $5kInsurance, taxes, interest carrying costs: $30k minimumNet proceeds after sales//minimal holding costs $ 550,000Now, you think it's deal at what price?

I like to clear an early {permanent} snowfall by hand to provide indication to our snow removal service the boundaries of what we want cleared and where to put the snow.