This will give you a more realistic assessment of your return, but is obviously dependent on your being able to forecast your rehab expenditures.

Maybe I'm the only one, but it annoys me to no end to read articles like this one.http://www.wishtv.com/dpp/news/indiana/schools-re-examining-policies-in-wake-of-nd-student-deathSpecifically:An Associated Press investigation found disparities between policies on outdoor mechanical lift use at schools across the country, and some are now calling for a more uniform policy governing their use to be put in place.Every time there is a freak accident, or a kid kills themselves from being bullied, or some gullible person gets scammed, we need new laws.

Lease-Option/Contract for Deed, where your tenant has a more vested interest in the property and will treat it as their own, instead of a rental.

A more sophisticated strategy is not always better than a less sophisticated one.Scott

Do you have a more specific question?

You can start deducting expenses, like maintenance, utilities and depreciation on that date before you get rental income.I could send you a more information if you wish to PM me and start an e-mail conversation.Sheldon

But when considering the economic downturn, which may be prolonged, my thoughts are moving toward multi family homes such as duplex's, or SFH's with an garage apt for kids or parents.This will become more common as we return to a more "extended family unit" society to make it through the hard times ahead.

Calling the prior landlord will usually give you a more accurate picture since the tenant is no longer their problem.

8:30 AM or so tomorrow -- 8/14/09Kuby's Sausage House Inc ‎6601 Snider PlazaDallas, TX 75205-1351Email me if you are coming.

We may also expect that smaller committees might lead to a more efficient resolution of issues as well.