So if you can get away with 10-15 K in rehab each, you will still have equity and those properties will give you a rental rate of $950-$1300 again depending upon on the area.A simple rule of thumb that I use in Houston is:at a $70,000 all in basis and a $1000 a month in rent you will usually get around a 12% unlevered cash yield.

On the last go round of finding tenant for our SFR 3 years ago we were new.

Welcome from Round Rock!

RE has long standing customs and expectations for both parties, if you get away from these customary expectations, performance or duties and limit ones ability to function you may have a problem.

I am not a wholesaler but I a would imagine to do it right is an extremely tough job.To do my passion commercial real estate isn't easy but I love it and it's very fulfilling.It just always amazes me how people are searching for the lotto ticket that's never there.

Sure you have gotten away with it and will likely get away with it in the future but that doesn't make it legal.

Make sure they can answer your questions directly, not in a round about way.Good luck!

@John Rooster With that promise, maybe you could get your tenants to pitch in for the Powerball tickets.

As a practical matter however, they are able to get away with it.

And it's finding that balance between- what I'd want myself as a getaway and keeping it close enough to the village or slopes, that people want want to stay there.