It is not inexpensive, but I thought the rate and terms were fair.

We are looking to do a high end rehab and would need someone who has experience working not only fast and inexpensively, but also with craftsman quality and luxury finishes.Thanks in advance!

What I mean is you can do things like move to be close to work, so you don't have to drive (and thus avoid massive $$$ in expenses every year) or 7 roommates (maybe an exaggeration, maybe not!).

Shouldn't there be some type of relationship between NOI and Operating Cash Flow, like a rule of thumb such as "if OCF outweighs NOI by X amount, don't invest" Example: $1,000 in rental income per month - $200 in expenses = $800  per month.

The only exception I would see to this is if houses are extremely inexpensive ($65,000 or less) meaning most people who have decent credit would qualify to own instead of rent.

Every creative investor is always looking for more motivated seller leads as inexpensively as possible.

=)Ottawa is actually a really great place for rentals, our rental market is in need and properties are fairly inexpensive compared to other suburban areas, we also have rentals in Marseilles, which is imo another great place to look.One recommendation I have is join up some groups like Ottawa/Marseilles/Lasalle Co for sale or rent on facebook and you will see a lot of people posting rentals and people looking for rentals, I think it's a good starting point if you're unfamiliar with the market to see what people want and what there's the need for as well as comps and prices.Every landlord I know gets tons of inquiries with minimal advertising in just a few days and so far our experience has been the same and actually, we've had some really amazing tenants (but we do tend toward A/B type properties so that may be why).However, if you're not familiar with the area, I do think there's some quirks in this market, so I do recommend getting on those sites and getting a good idea what people are looking for before buying anything.

I strongly feel that you approached this the right way as well, because I believe the best way to get a high ROI in expensive markets is to maximize the lot size (which you did).

That's another $325/mo in expenses you'll have but aren't seeing today.So you're spending $1,258/mo while taking in $1,300/mo in rent.

We get letters out to these landowners at ~2-3$ a letter.I know it can get expensive investing in the systems to build the database and gather ownership information but there are many ways to do it inexpensively as well with free software online.