If your refinance loan is at 7%, then you'll have to consistently beat 7% (after tax, after mgmt fees, after your time/effort spent) just to break even.

What I have found is the more consistant you are with the letter and makeing offers the better return for better deals.

Just to name a couple.As to advantages......there's access to mls and other reports to find great deals.

Items such as points, attorney fees, appraisals, credit reports, prepaid interest, homeowner's insurance, title insurance, and reserves the lender collects for future taxes and insurance.

Again, once we come up on his radar, I'm fully expecting a negative report because we advocate highly leveraging long term holds and think Neg Am loans (if we're still able to get them) are a good tool for someone who knows how to use them.

You do not want that where you are today.Zillow does not take a full look into which properties were bank owned ect.I would get an appraisal done or a few free comparable reports from diffrent appraisers if they allow this in your state.Check out the rental option though and see where the market rents are.

If I rent a condo for say, a week for $1,000 with a rental agent fee of 30% do I report for taxes $1,000 income and $300 expense?

As long as you have online access you can do a credit and eviction report in about 5 minutes on an individual for 12.50.

i had a local developer look at the lot and write up a report on it.

I have Free Buyer and Seller Reports.