I’m greener than the grass on the other side at this point, but I am eager to learn the real estate business.

This is typical of this tenant.   

Hey guys,I'm close to closing on a deal (tried to close Friday but this issue moved us to Wednesday) and have a question.The house in question is a single family rental with a tenant in place. Good payment history, sl...

My husband mowed Jim's grass this weekend to help out and because it was calf high.

Typically you would see people do this if they were already doing rewiring/replumbing. 

Most investors typically try to stay out of C or less neighborhoods (Cs are possible...just depends on what a C means for a particular market).

Awesome responses, typically don't lean heavily towards any one side but it sounds like theoretically SLT sounded like a great idea but that'll be put to rest with regulation. 

Typically, irs auctions transfer only the "debtor's interest" (equity, if any) in the property.  

In a typical home sale a sewer line has either failed or not failed.

And once you actually get the property, it will also depends on how well you list it.Average is a good overall indicator for the whole market but i would not use that when doing my numbers.I have single family homes in the $1400/mo and i don't see them vacant at all and when old tenants moves out, we already have new tenants ready.On the other hand, properties over 2k/mo takes 1-2 months to rent out.To be on the safe side, i would do what banks typically do, and that is 20% vacancy rate..