With a wife as a realtor and myself as a full time RE investor, I would much rather have a strong CPA there with me in court, if I ever have to go to court.

There's just no way to maintain any family being gone on a 10 month deployment, come back for a few months, and be gone for another 10 months.

It is a slightly depressed community - there were a bunch of foreclosures here, of the 54 units (it's a small community in a small town), 17 are rentals and some are ill maintained.

Also I am not pointing finger or anything , I just want the project moving, and you might not understand the pain of paying all those maintainance fees while the contractor playing arround.

I like bill's approach.I am on the realtors side of story now in a way.I'm new in town, my good friend just did renovation, not rehab.Just her own project not REI.I saw the work and liked his business model...but contractors are contractors they are "two timers" always looking for the next date.I approached my friend and contractor at her site.

I rent for the minimum just to avoid land-lording per se.They get the cheap rent just to maintain the property.

None of the houses were maintained and there are several vacancies.

Hello everyone,I'm a part time investor with no access to email or drop box while at work so maintaining solid records can sometimes be difficult.

The property is a block from a high school and directly across from a large church that is very active and well maintained.

I can't speak for your analyzer, but the numbers that you provided look pretty impressive.I'd want to factor in the title search cost and the inspection cost, making sure there is no environmental or structural problems prior to closing the deal.Also, some counties/juridictions have sewer costs separate from the water supply line.Also, will you be maintaining the property yourself, including rent collections, or employing a manager.