The reason I ask is it occurs to me that a possible strategy to get over the hump could be to pay yourself (ie: the entity) rent at fair market value.

Our monthly rent is fairly high right now and by purchasing a property I believe we could significantly save more for future investing.

I'm trying to get a rough idea what is a fair price to have someone remove the old baseboard heaters & install new electrical baseboard heaters.

Thanks for all the help.I have been looking around and Dayton Ohio looks fairly decent as well.

If you want a fairly turnkey property, expect to pay at least 90k for a nice duplex that could give you a reasonable amount of cash flow.

I'm fairly new myself but I would say that the first step in being a successful Real Estate Investor is to network with people who are actually doing what you want to do.

Hard to answer this without knowing any of your numbers but a rough way to calculate would be to take your projected profit and give me an additional % that corresponds to a fair hourly rate for the time and expertise he will be putting into managing the project.

It was a fair market sale.

Broker Price Opinions are fairly popular, though their reliability varies based on the experience, education and talent of the broker as well as how closely sales comps to the subject property exist.

YouTube is a great resource for videos on sheetrock patching, replacing tank components for toilets, wax rings, replacing broken faucets, fixing drains, etc.Those are just a few things that come to mind for me that are fairly simple.