I'm currently researching areas that would work for SFH rentals.One thing I've been doing is looking up deals online (mostly REO/fixer uppers) and then making fake Craigslist ads advertising the property to see what sort of response I get and what rental rates people seem open to.

Could not seem to obtain this info online.....Thanks!

You can offer 10% of any profit earned, or you can pay them a flat fee ($500 - $1000).

Those in the rental property business, how much tax do you pay per dollar earned?

And you're earning exactly nothing on your investment.Even managing it yourself and collecting the property managers cut, about $400/month, you're still in the hole.Never buy based on what might happen.

Please be careful when you're buying properties on line or from seminars.

Earnings will disapoint Wall Street which will call for more layoffs over the next two or three quarters.

ok, so you can't say you didn't earn the money your saving for future maintenance, such as a roof you know will need replacing?

Maybe look for a discount agent who will place it on line and handle disclosures but not be required to do any showings or negoitiating.

If you are in a negative cash flow position, find a way to earn some income to cover it, When the market does recover (which it will), you can then find equity in some of your rentals and sell them to pay off the LOC you over-borrowed from.