I just did a drive by today and noticed my tenant is storing an excessive amount of household items in the yard, including indoor furniture. 

You’ll want to factor in your promotes for putting the deal together as well.Now, the seller may opt not to accept your offer if you have to raise the equity (depends on the seller and market), but it’s worth a shot.  

If your looking to get a 10% return you’ll consider the price, down payment, interest rate, and factor in all other expenses as well.  

It’s the town code enforcers who drive around and pick them up and call you. 

Driving for dollars I found a 14 unit townhome complex with a for rent sign.

Drive for dollars, find a crappy looking fourplex, and do some digging.

I calculated that if we could pay $300 on top of the mortgage each month, we could have enough equity built up by year 2-3 to refinance out of the FHA loan to a conventional loan.Key Factors... 30 year mortgage, 4.25% interest rateI'm still thinking about getting a 15yr fixed rate, payment would just be higher, but mandatory as wellSo, I have a couple questions. 1.

@Chris WoodInteresting topic.I am thinking I may be an odd ball here, but most times when I am driving I do not realize I had the radio off.

There are always other factors at play like neighborhood, vintage, market preferences and other factors. 

@Jim lampl sorry for spelling , I am driving :(