this looks like a very good deal if vacancy is more around 10%.. rents would be 14400 at the lower end of the spectrum, which leaves you with theoretical 3400 per month. which is 35% CoC off the top of my head.

not sure when my reply was made, but my tenants (young but responsible kids) left at the end of January. they were paying $1125 and had to leave cause money was getting tight (baby and suck). i offered them to lower the rent for 6 months and then bring it back up, but they left.After some active and passive loss (updates and vacancy) that totalled ~4k, i put it with the agent on the MLS. just being vacant for one month costs me $2,250 (Realtor fee and empty month)was able to get applications immediately and signed up a family for 3 years at the rate of $1,225..increase of $100.

In this example, your $700 NOI plus debt service of around $670 would only leave about $30 in cash flow.

I work abroad, so I am limited with respect to the amount of on-the-ground research that I can do for the time being.I am in the fortunate position in that I have been able to save quite a bit over the last 5 years, so I don’t intend on getting a full time job after I leave my current position.

the tenants at one house moved out a few weeks ago. they were there just one year and moved in after the house was freshly painted and re-carpeted.anyway. there were fingerprints and smudges on the walls all over the house and even areas that you'd have to try to leave a fingerprint. nothing that a new coat of paint can't cover, but the whole house needed to be re-painted.regarding the carpet, there are dog pee stains and large furniture impressions. they tried to steam all stains out and even used spray chemicals to remove them. it does not smell, but the stains are there.would you charge them or keep a portion of the s. deposit for something like this?

If a lender offers a deal where the borrower has little skin in the game or just "sweat equity" they are not giving you a loan, they are buying your project which likely you will be removed from shortly.

As for Denver County auctions...In Colorado auctions are held by the public trustees of each county.Below is a link to the Denver County public trusteehttp://www.denvergov.org/clerkandrecorder/ClerkandRecorder/Foreclosures/tabid/437349/Default.aspxI have not attended Denver's Foreclosure Sale/Auction, but my experience is that the public trustees required a certified check(or other good funds) at the auction.I would certainly speak to expert before participating as it is a buyer beware (caveat emptor) purchase: -No guarantee that the foreclosing lien is in first position-No rights to inspect-Can be redeemed out by other jr lien holders after sale-Persons may still be living in the property and require eviction or other arrangements-Lessees may have a grace period to leave-All sales are finalI am not an expert and that is just my personal understanding.The aforementioned is personal opinion and none of the content should be considered a binding offer or agreement.

For example, replacing the roof and HVAC every 20 years, replacing the hot water heater every 8-10 years, etc.Also, you're ignoring the turnover costs you'll face when tenants leave (painting, replacing worn flooring, etc).

I believe you cannot withdraw from your 401(k) unless you leave/change your employer.

Now that many homes here are heated by gas, there is a concern that the previous owner failed to remove or decommission (fill with sand) the ust (underground oil tank) leaving a leaking UST that is contaminating the soil.