There are many that feel condos and townhouses are not great for fix and flips for variety of reasons: higher holding costs (hoa), limitations in improvements due to restrictions from hoa, could make you submit insurance, license, etc.

Craigslist has improved by adding Map View.Map View filters out all the crap and repeat/spam listings and makes CL much more pleasant to use.That said, during my last couple rental listings, I got way more inquiries from Trulia.

It often doesn't seem to be practical to insist that the tenant complete the checklist in my presence at the very moment they move in.

You can get very good deals on these, and vastly improve the look of your place.Depending on budget, I might also recommend a nice window trim and a faux drop ceiling to boot.

Evan, I think you'd find it difficult to cash flow this property.If you use the 50% rule that states expenses (everything except principal and interest) over a period of time will equal half of the market rent per month, you're looking at $1935/2 = $968 as your cash flow after expenses.You could save some money (~8-10%) by managing this yourself, but my hunch is that with that old of a property the upkeep and capital improvements will be higher on this deal than a newer property.

Did that just seem the most practical for your investment situations?

Hi Mike,Yes, I do; with lots of practice. :)Originally posted by Mike Hurney:Suzette West Looks like you know how to Underwrite an Income Property!

It is a form of price fixing and market allocation, often practiced where contracts are determined by a call for bids, for example in the case of government construction contracts."

While there are plenty of so-called "investing" books out there, most of those I've been recommended are those motivational books that have a lot of great ideas, but no practical information.

This is our first rehab, and we are kind of looking at it as our practice rehab before buying a property to fix up and flip.After buying our first two rentals in 2010, some problems with extended family hit in 2011, and it wound up being a drawn out and expensive ordeal.