Finally, Jon is right. 6 pts. sounds excessive.

Using the example above, while the cell phone companies certainly don't want you to switch providers, they are probably somewhat okay with it based on the fact that they collect a flat fee (generally $200-300) when subscribers terminate early.

In other words, Beck flat out lied.

For instance, there are some areas in NY where the rent is in excess of $1,000, but it doesn't mean it is in a desirable part of town.Peter-How do you suggest passing those costs on to tenants?

Of course, I'll still have a real inspection contingency in place if I move toward an offer.So, I'm reworking some numbers to see if it is more doable...potentially as a rent for a year or two at minimal profit or break even, then flip which could reasonably net in excess of $40k.

You guys and gals gotta admit, this site is flat out amazing (no butt kissing intended) and the other crap@ss sites don't even compare in so many ways.

lol and wow.... well paying $200 to wheeze and feel like crap everyday was excessive.

Is excessive, visible tattooing on a prospective tenant a legitimate reason to turn him down?

The 50% number includes taxes, insurance, vacancy, capital items, maintenance, property management, evictions, tenant damage in excess of security deposits, snow removal, pest control, CPA fees, legal fees, etc., etc., etc.It does not include principle or interest payments.On any particular property in any particular year, the 50% number could be wildly wrong.

Maybe in the long run, but not any time soon because we still have a lot of excess capacity in the economy and that's not going to change as long as the bubble has not fully burst.I agree with you that we will see entitlment changes.