Rents are surprisingly low.

If it's really old you could have a galvanized water main going to the street as well as a host of other issues.I think 15,000 a door is about right for the size of the units and fixing the outside as well given that there are no more other large surprises that could run the total cost up.Take 42 units at 15k a unit rehab = 630,000If landlord is to pay water you use 60% for total operating costs averaged over time.

I am surprised that painters are booked that far out.

.- govt. permit targeting by county has become big issue like never before..militant,,theyre driving around for investors...surprise inspecting...per insurance co. pressure.- I heard famous injury attorney on my church radio today )if I understood correctly) advertising to file for lawsuits related to pipes older than 1975 not being re-plumbed by investors..so no shortcuts..extreme diligence.

Have done this many times when I have exhausted my ideas and it works, but don't be surprised if they aren't let's say cordial about your visit :).

It's no surprise that the rates in Midland are climbing higher than Lubbock....for right now.

I talked to another company called Arcana, based out of Dallas, at the last REI meeting who had some surprisingly low rates, but have not checked them out personally.

I know a person who wanted a piece of raw land to pay for a child's college, and was surprised and angry that it took over a year to sell raw land in the country.

I had a few people who surprised me when they showed interest, including people from my day job!

Good surprises are few and far between in the buy, repair, hold, rent business.