I believe where I am located it's around $30/sq ft, so if property is sound in general but needs just light renovation.

I appreciate this may depend on where the condo is located.

I will probably only be budgeting to use up to $600k to be safe, which I know will be tight depending on what location is selected.

The loan is qualified based on the actual or market rents of the property determined by a lease or appraisal.

The rent comes on time for March, April and May.

I rent it out as a vacation home to others too... this helps pay the bills.

My age always gets me funny looks and questions like ," are you renting this house or the landlord?"

Purchase price: $2,400,000 Sale price: $3,800,000 48 unit asset in a tertiary market. great upside in bringing rents to marketwe sold the asset after taking rents from 700 to 1000$ per door.our investors recieved year 5 returns in year 3 What made you interested in investing in this type of deal?

As has been mentioned already, it takes too long to get the item repaired, jeopardizing rents.

Was purchased as our primary residence, then we moved and have been renting it out.