Yeah you'd have to be there to control the construction costs as well as you'd have to visit occasionally to check on the status of the property.

I still have a case of them, usually I only bother throwing them in the windows of my current rehabs and get an occasional call mostly from someone who has unrealistic value of their home.

My experience so far is that selling prices are at a cap as low as 5 and occasionally as high as low 7's.

I previously owned in Southern Troy, so am speaking very much as an outsider who occasionally spends time in the area.

, CapEx (big ticket items that happen occasionally) and possibly management and HOA?  

.- If you're dealing with non-professional lenders (people like me who occasionally lend on the side), 6% plus some of the profits is not going to be attractive because I don't know you, I'm unfamiliar with your success, and I'm going to assume that in a typical case, I'll get my 6% but there won't be much in terms of profit to split up.

For instance we wholesale, rehab and occasionally (when it's strategic for us to do so) list properties.

Guests at my location typically have 2-3 cars which is less than my family would have if we were living there every day as opposed to only having guests over an occasional weekend.

Off the MLS (REOs, Short Sales and the occasional private seller);2.

We do expect occasional problems like kids failing out, etc.