The same day I put it back on the market, I received a call from a man interested in buying with cash. 

Do we have to have utilities in our name, receiving mail, or is someone going to show up in 60 days and make certain that I have underwear in my dresser drawer?

Good evening BP,@Michael Quarles @Robert LairdI got a bunch of calls and website leads today from people saying they just received my postcards.

She has not received any of the direct mail that I would expect if she had received and NED. 

It's important, especially with a property manager, to go over all the details (big and small) and type of service and fees you will be receiving prior to signing any agreement with them.  

I received some comps for the area and calculated the average CAP rate to be 8.2%. 

But I just received first lease renewal and it has my name as lessor, which prompted this discussion.

I would like to start buying some more, I have received some off market offers to buy properties close to 4 and 5%, one in particular I can estimate at all in costs of $120,000 bringing in almost $5000 a month gross. 

The real estate owned he did receive a nice tax deduction however he did have to spend money on the costs associated with being a homeowner and land lord but over all made a return of 7% plus.

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