Areas are not war zones, they are a mix of rentals and owner occupied.Financing is typically a 5 year ARM which is a risk, but i do 20-25% down and average a 20 yr repayment schedule focusing on smaller mortgage balances first.Property management companies in my area quote about 10% for management plus 50% one month's rent for placement.

A guy that does 50 such wells a year or more say those even need waterproofed.The change came when figuring out windows are a foot out of the ground and casement window needs that room to swing out for egressAnd I dont think wooden ground level wells will pass code inspection without covers for safety.

Very good point Don, except I think that outside the RE industry that there will be a significant shot in the arm for business and I'd rather see the Clinton years.Vetting you partners and knowing what their comfort level is is as important as their contribution.

Makes a big difference if you're working with folks that have liability and workers comp insurance on their employees (workers comp cost an arm and a leg for roofers).

Leave yourself a safety net.

Do you have an ARM (adjustable rate mortgage)?

When it is all said and done you can get into the ball park with value and remember it is defined as the price a seller sells and a buyer buys in an open market arm's length transaction.

I stay conservative with the goal being long term principal reduction plus property appreciation...minimal CF.From a small regional tx bank20% down15 year fixed @ just south of 6%OR5 year arm at 5.5% Both 15 year amoritization

Sometimes they'll say 'I don't know nothing' other times they will tell you about the hookers, crack, selling $5 showers, arms dealing...

There was a bit of a safety net knowing that I was above the price the last investor gave them, but it's still progress.I'm up to 14 calls on 229 mailings, or about 6% response rate.