What he does works very well for him in his area.What he does might or might not work well in Florida.I suggest you find out what the locals guys are doing to make money with real estate.One thing that Mike says that is true all over is that expenses are high as you average them over the years.

Is the government taking over the financial and real estate industry with the moves they are making?

Also be sure to call other rental homes in the area to see what the average market rate is for renting.

Average price of home we're looking at is around 500K.

Is there an average cap rate for each segment and area in the us?

Just as an example, let’s say the average house is 125K.

But I am fairly new to this industry... can either of you ellaborate on "subject to"?

A few industry notes:Last month HostGator had a major hack - 50,000 credit cards leaked and posted online.Blue Host has very slow servers.We are using HostingDivision.com as it's SEO friendly.....

Mike, The points you made are valid but are based on generalities and averages.

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