So buying a foreclosure, doing the rehab and then finding a tenant and a PM seems a wee bit off our hands cause we're so far away from our next-to-be investments.I saw Dallas as a good spot but it seems that ROI is not as good as in Tampa.I've heard a lot about Kansas City : low prices with the approx. same ROI.Tucson is hit hard and foreclosure inventory stays high, but it may seem a good spot too.We dont want to invest in Miami as we think the town is pretty much overrated and wont get back to the insane level of median price.

---NOI is overstated because you are not accounting for expenses from the basics (paint, cleaning, etc.) to the expensive (roof, hvac, electrical, etc.).

If the lender is a large bank, the property will likely have to hit the MLS, but just arrange with the listing agent that it goes pending immediately and your offer is submitted to the bank.

I have a duplex built in the 50's I noticed that a similar duplex down the street was for sale and upon viewing the pictures I noticed it had a washer dryer hook up stuck in the utility closetthe owner moved the hot water heater to the left and and expanded the space I decided to do something similar in my unitsI actually used one of the hall closets there are two in the unit one near the kitchen and one outside the bedrooms I decided to use the one nearest the kitchen and ran plumbing and electrical to the closet widened the opening to accept a stack washer and dryer and installed vent holes and duct work to remove the lint.from the dryerof all the things I did in my unit from tiling to new lighting and laminate flooring over carpetprospective tenants seem to appreciate the washer dryer hook up the mostI think a close second is the laminate flooring but I wont know until it is all down and I have my first looks.this is probably old news to you veterans out there about converting a closet into a washer dryer room but I am a newbie and just happened to stumble upon this idea when I saw my neighbors house otherwise I may never had had the inclination to do it.

IE foundation (slab we don't have basements here), plumbing, roof and electrical.

There are times that we do take out loans for larger projects or bring in partners for projects, but even then do our best to keep it under 10%.I see some big changes that will be coming after the next election and I don't want to hit bottom.Our current president got voted for by some because they would get a free cell phone, they would no longer have to pay for gas, they would get free health care, and so on.

It's when Aunt Gertrude, the Axe Murderer, hits the news that you really have a problem.

It takes a lot of hits to make a home run...

Once you hit a deal, things start to snowball.

I find myself just asking for the key code so i can view properties on my own time and leave them out of doing nothing more than opening a door for me.I have met very few realtors that are really good and there value comes form a vast knoweldge of a market or area as well as really good contacts or access to potential deals before they hit the market. these people are very hard to find.