Again the phase 2 and 3 development of the properties is another issue and also ripe for investors but there will be plenty of them when the time comes as this part is more common and understood amoung you professional folks.

There's nothing like a phone call at 2am in the morning about a stopped up toilet.

Yet, there seems to be this common thread among many of them: many are stuck right at the precipice of getting the thing they need.

How common is this?

Some other ways to make money on your rental properties:-coin laundry in the basement or each unit-offer Internet service for a fee; while water, cable, phone, electric are all regulated and you cannot sell at a profit to your tenants, Internet service is still unregulated.

These multi-story buildings generally offer individual apartments for rent with common area facilities, such as an entrance, lobby, elevator, stairs, hallway, walks or grounds

I just got off the phone with the recorders office in the state of Ohio and they informed me that in order for the contract to be binding, legal, and recorded in the state of Ohio, it needs to be notarized both on my end (the seller) and the buyers end.

HOWDY YALLGarGus it sounds like the Austin area is making a good comeback or at least the start of one.I remember when I took my ABR over there everyone was dealing with contract wars and then the high tech crash came.BCS is still riding the wave and building is going on everywhere.Especially in the commercial arena.Land has gone up steadily which has escalated prices but this area is still undervalued compared to most of the places folks are coming from.It is common to see people buying with a good chunk left over from their out of state sales proceeds.Investors in rental properties are not as happy as they once were as the escalated prices are making it hard to get a good return without putting more in.The junker market has alot of inventory for those that rehab.Some Ive seen as low as 22000.The lots are usually good size.(10000 sq ft and bigger).Locations most of the time are iffy.High end rehabs are coming into the picture more now.Wealthy College kids live in and trash expensive homes that their folks buy and then wind up selling them cheap to cut their losses.Ilove this country.Well im off to NYC for 2 weeks of R&R with the family.Hope yall write a bunch of clean deals while I'm gone.Adios.Jennysh thanks for the website on your condo hotel its a beauty!

With all of this information available to people online, the phone calls that I get are from people who are already pretty interested in the apartment -- which wastese less of my time on fruitless showings.

Most of the people on this site are in contact via email or phone only.