If you could add reasons why that would be great.I would think buy and hold multi-family--you get exposure to rehabbing, dealing with commercial loans (if your building is more than 4 units, I believe), evaluating the numbers on a complex deal, as well as the legal and psychological aspects of dealing with tenants, all in one fell swoop.

This personality ONLY invest in their own backyard and they are afraid to leave their comfort zone.There comes a point in time when you will need to evaluate what your time is worth per hour.For example:If you make $250K a year, that makes your time worth about $120 an hour.To go out to a rental property for maintenance will usually take at least 2 hours of your day (This includes commutes).

The most important thing I have learned in my short time investing is if you have taken the time to evaluate a property then you might as well make the offer regardless of the number.

How about just calling a couple of licensed plumbers and electricians from the area and get estimates on the repairs.Also you might want to spend the money and get a home inspection on the piece of property to make sure that there are no other hidden problems.Once you get the estimates you can evaluate them based on what you know and what they tell you.

That's his litmus test for evaluating potential money pits...

You also create a HUD statement, showing that the owner is getting no money in return for this short sale.So if the home is worth 100k and you can show proof that it needs 30k-40k in repairs, then you put a offer in for 45k and see what the bank tells you.They will send a realtor by to confirm your evaluation of the property.Hope this helps you.

The way to evaluate a rental deal is to start with the gross scheduled rent.

They're rarely evaluated as investments but based on what you want.

How many other rentals have you evaluated?

Of course that they have evaluated that they deserve that amount by sending their own BPO agent anyway.