You need to do a bullet proof rehab job to make it nice enough to rent.If you buy, do a fix up (almost ALWAYS required for investment properties) and then rent for 2-3 years, you'll end up re-doing the rehab when you sell.

So I certainly won't approve an application where the ID hasn't been given.Ideally it would be nice to get that when the application is submitted.

Many landlords are trying to take advantage of people so new tenants are grateful to find a nice place.

You got some pretty nice investments and got them for really low prices!

A family in this area that requires that many bedrooms may spell trouble with a bunch of out of control kids or several family members who sit around with no job and plenty of weed.Note a 7 bedroom house in a nice neighborhood but with only 1-2 bathrooms is 'functionally obsolete' and will be a hard sell as well.

The problem is I typed a nice detailed e-mail trying to do a basic needs analysis but all he responded with was 10%.

I have been interested for sometime in REI, but haven't brought myself to making that initial leap of faith.My future goal would be to possess a few nice buy and hold properties while taking a stab at rehabbing down the road.

We are also having extremely nice weatherPlease provide some generic information on your 1st rehab :~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~work still in process , number of rental units , buy / hold purpose or quick flip , purchased property off probate or REO , our you part of your local rei club group, etcRegardless ,, welcome a board

(nice one Bill)In regards to jumping into commercial.

Despite being a very nice guy I got the feeling he was looking down his nose a bit at me and my naiveté.This news took the wind out of my sails a bit.