Plus this would only cost a couple hundred dollars for some nice heaters.

As a result they form a bad reputation from not doing what they say they will do.Also some realtors will tell you its illegal even if you live in an area with hundreds of people already doing it.

I didn't pay a penny in taxes to transfer our rental properties in California to our LLC, but even if we did, it wouldn't have been more than a couple hundred dollars per house.I always enjoy learning how the law works in different states.

If you do want to get a mortgage to buy your first property I would suggest finding something that already has tenants in place and make sure the Gross rents will cover all your expenses and debt serving so you net a few hundred dollars each month at least.

Bureau of Labor Statistics, city websites, CityData.com, etc have much of the data you need, but expect to spend dozens or hundreds of hours parsing the data to get the information you're likely looking for.If you're interested in apartment data for major markets, you can also check out Marcus & Millichap for their city/metro analyses -- they have hundreds of people on the ground in major markets across the country and compile data on a quarterly basis.

In all seriousness I think for most lurkers myself included when you come to this forum with your two or three tiny rental properties(Speaking of myself here) and you are just doing your first rehab even though you've been in the whole mortgage/loan game for a while you feel intimidated by all the big guys here doing 30 or 40 flips and owning hundreds to thousands of rentals.

james, let me know if the one buyer for your open house works out...i've never had a qualified buyer come thru those things..they always say they want to buy it, and after meeting with my banker, he'll call me and say it's a no go....hopefully your experience is different, but i definitely encourage you to put it on the MLS..if nothing else, just pay the flat fee which is just a few hundred bucks...you're missing out on potential buyers today already!

I was hoping to save a couple hundred bucks but I better call him again.

. $250 may be received for a certain period, say six months, then increase to $350 and remain for 6 months and increase by a hundred dollars every six months for a 36 month term.

Flat fee MLS should be a couple hundred to get started.