If they sign a new lease, I offer to pay to have the carpet cleaned.

In the end it seemed like it was a better approach to invest where it was easier to manage and take the profit and rent a place where and when I wanted.There is just too much competition to purchase property there.

The house was just finished last week and the tenant moved back with her family, after having to pay to stay somewhere else, and pay to have all of their items cleaned before going back into the house.

looking at buying a property for buy and hold to rent found two properties that are close to same price not sure which is the better way to go the single family home is in a better area rent from 800-900 multi unit is in an area full of more renters when its full would be around 1300 but the single family house is a spot where the values or more likely to improve faster and make easier to sell for a way out if needed down the road so what are your opinions thanks

The monthly HOA of course also takes care maintenance of the common area, the building cleaning, the elevators, the swimming pool, the hot tub etc.

Look - the only way to do this cleanly and legally is just like any other; put it under contract and double close.

Yes, they are rules of thumb, but I have had significantly better success on buy and holds on my houses under $75K -- as they are much easier to abide by the 2% rule, as they are are more affordable to a broader audience.My houses above that price point are the ones that have yielded the lowest overall ROI to my portfolio over the years.It is much harder to get 2% on $200K+ houses-but they may also yield the biggest appreciation when they are sold--so perhaps that should be weighted into the formula, as well.

They will wait until the property is under contract, then go through the process of getting clean title in their name in order to sell to you.

row=1#modal_PhotoGalleryThese 50's houses are a lot easier to maintain, plus it has AC and a garage (tenants like those).

Title is clean.