Exterior walls standing, new roof, interior walls, siding, no landscape, no patio, with 2 car garage, you're looking around 200-250/sf if you want high end. i like those size projects.

Small sample size in comparison to all, however, all of them overpromised and underdelivered.

It is expensive to get work done (particularly if you have a screened pool cage).

As I think about creative ways to obtain my first property, I can't help but think a little outside the box.I own a lawn maintenance business and while we mainly deal with residential (better money), the company can handle small to mid sized commercial properties.

The market will not support cash flow on a rental this size so I don't consider that an option.

The solution is screen your tenants properly.I like properties that have low income tenants in them now and have no HUD contract or previous tax credits attached to the debt.

@Vince Futia  check with your local laws to see if they allow an extra amount for a pet deposit (not allowed here in NJ) and definitely ask for another $25-$50 per month depending upon the number, size and what type of pet it is.  

What size property are you looking for?

just wondering about cash payments for renters. i heard about the way they can deliver the cash to the 711 etc. do you think thats an entry point for people doing illegal things to come to your building. although you should still screen tenants . is there anyway to track where the cash is coming from??

Can someone explain/define what IRR means and what size rentals it applies to: single family, 2 family, 3 family, 4 family, 5 family, or apartment buildings.Also @Will Barnard you mentioned "loss to rent", can you educate me on what this means and in which size rentals it refers to?