Any thoughts on the below would be greatly appreciated:2 bed/2 bath w/ garage on .089 acres.

In my state, there is a five day notice letter that must be posted on the door or handed to the tenants in person.

There are several other comparable homes nearby seling for $115k to $150k, including the hosue right next door for $115k(3 br 1.5 bth).

Property: 3,082 sq ft2 story, 5/2.5Built 2006-purchased 12/2006 for $375KOwe $355KPayment with T & I = $2500/monthLoan = 30 yr conv. fixed @ 5.6%Non-assumable, No prepayment penalty 16x 16 tile downstairs, carpet upstairs, gas heat, both gas and electric stove in kitchen, gas BBQ in backyard, 3 car garage with RV gate.Comps:$325-345 Sub2 because the loan is a good rate?

Wholesalepro, If only you could make a book that walks up to a person's door, who is about to become The Real Estate Investor; an arm comes out of the book, puts a squirt gun to said person's head and makes them read just some basic things they absolutely must know to even consider REI.

I've had friends have some problems when tenants showed up to their door at home.

Looking at a 2 fam semi attached in NYC near Yankee Stadium good shape Sq ft 4,167 plus a two car garage.

We painted the cabinets, filled tons of chips, changed the doors by custom ordering them for the customer in their choice of design by a company we have an account with that has them made in Mexico for about 30% american cost, painted sink, also the appliances in professional grade metalic stainless paint, painted floor tile in a high solids porcelain urethane white after an aerospace use type primer and a high solids chemically hardened chear coat, and matched the backsplash the same way.

Often, the letter will get forwarded to the owner.Knock on the neighbor's doors and ask them if they know anything about the owner's whereabouts.

So the doors open and in pours about 600 people...