I get the feeling that you are investing in a super quiet sleepy suburb similiar to other sleepy suburbs so it doesn't really stand out much.

Hey - we've got a great, easy to use new feature on BP to help you keep tabs on what's going on around the BiggerPockets Forums and help you stand out by engaging in the conversations you have the most interest in: The new "Subscribe to Forum" button!

It's worth making a few calls to see where you stand.

Mostly this is because to play real estate requires knowledge, and lots of it.Few people are aware that at its origin, “Real” in real estate stands for Royal – French; in other words the domain of the chosen few, as represented by the nobility of the time.Real estate is still very much the domain of few and select, but today the limiting factor is no longer the bloodline, but the intellectual worth of the player.

Definitely not an unfinished basement like that and folding chairs / tables would be a mistake as well.

the former owner had owned the place for about 5 years and never raised rent.I prevaled, section 8 paid the rent, the tenant paid their share, I raised the rent every year there after and the tenant stayed for 5 more years.The moral of the story is that you can only charge what rent the market will bear, and even though these rents were way too low, that's no reason to keep them there.On the other hand:I, myself have been guilty of not raising rents as aggressively as I should, the above story not with standing.

Tenant resign fee for resigning a new lease and the end of a good standing lease term = half of monthly rent

He has no standing here right?

Expenses: $825 NOI: $825 Payment: $983.50 Bills: $300 Loss: $458.50 Rent Saved: $400 Overall Loss: $58.50 But hey if $58.50 per month is the only thing standing between renting a room in a crappy part of town and owning a house in a nice part of town, I'm down!

Everyone knows where I stand on most subjects, as well as some of the other posters stand.