The very reason for a generic rule of thumb.LOL Thought Id post my expense averages over the years and remind folks that a 10% PM fee is way too low at least until occupied and stabilized.yes were I see the investors miss is that.. in many markets average tenant stays 18 months.. and hud will only allow one year leases so its not all that uncommon for HUD tenants to move a lot.. so every time that happens PM usually charges one month rent for placement. so you cant run numbers like your not going to pay placement fee's for 5 or 10 years you could pay those 5 to 10 times..  

Have a tenant that stopped paying rent and think there are people illegally staying in the finished attic.

I just worry about parking if we have guests staying in our home on a semi regular basis.

heylooking to purchase a long term buy and hold rental property, budget is 70-80k cash only (oos investor), was approached by a company who assists in the whole process who recommended the indianapolis market as a growing market, with high yields compared to other places. leaving aside the question should i use this company (or any other for that matter), i am looking into the market, the buy/rent ratio looks good in terms of what i'm looking for and i can see the prices have really gone up in recent years, but when checking out the house prices going forward, it seems like most of the information i find talks about prices staying around where they are, some sources even show negative price changes. what are your takes on the matter?

This is will be highly noted and makes me for so much more comfortable.

I don’t want to lose access to the house when I need to stay there but I also don’t want them there longer then a year if they can’t purchase the property.

I was contacted by a realtor who isn't a investor and would feel more comfortable with someone who is.

In rent control areas you must automatically apply annual rent increases to the maximum limit allowed and you can not have tenants stay longer than 2-3 years max.

As others have mentioned, I noticed a lot of people looking for a place to stay quickly, and they aren't qualified.

But since my spouse and I have the same debt other that student loans, which is minimal, our monthly debt pretty much stays the same, but our monthly income doubles almost.