Thanks.Hi George,Our group buys a lot of property and we don't really stick to any percentage rules in our market.The ARV's and comparable sales are all over the place in most cheaper markets.I believe that this is the case in many other similar a markets where properties can be purchased for around $50,000.I suggest you sit down with as many investors or potential home owners possible and take down notes of what everyone wants.Have a good database system going and then just start providing them with property.While in KC our group bought around 20 properties in 6 months from 1 of our bird dogs.Just my opinion.Thanks and have a great day.

I.E~ "We can get cold, hard cash in your hands in XYZ (short time period) weeks." or "If your property sits on the market for too long it will cost you a lot." or "Another buyer may not be able to handle repairs."

I've been sitting on this question for a while now as I've been busy with other things.I know, an ice-cream or yogurt store in Maine is pretty risky!

I currently only have 2 properties but one is sitting at 1.4 and my second one was at 1.6 but I just raised rent by $50 per month so it is now at 1.7.

.), you're kind of stuck with it where it sits.

If I were in your situation, I would sit down with your aunt and explain your perspective both as a nephew and as a landlord.

It has two units on the front which appear as a duplex, and on the back of the property (property is on a downward slop, there is a 1br/1ba unit that was built from the finished basement which sits below the other two units.

The substantial amount of information that is free on the internet that covers hundreds if not thousands of pages upon pages of dry complex descriptions of the different options that would take you hours/days/weeks (if you could even commit to sitting in front of your computer that long without falling asleep or getting on a social media website) to sift through and determine what is "the right way" and how it applies to you in a way that will be successful.

A good first wash is with household full strength Dawn in a spray bottle and let the dawn sit on the wall for a few minutes before rinsing will do wonders2. 2 Coats of KilZ3.

Lenders are only concerned with debt to income ratios these days, the other assets you have won't matter unless they sit in a bank account and will be used as down payment funds.