Ideally you'd like that number in the 10 - 12% range from a motivated seller. 6 - 8% is for cash buyers looking to diversify their holdings, not to maximize returns.

It's not ideal, but it's in good shape right now and doesn't look like it's 40 years old.

So it was an ideal situation.

When you go to list and sell a completed rehab to the retail market, it needs to be priced in line with similar properties - and ideally a little lower than similar properties.  

So ideally I'd like to be able to find some of that data without going through someone else (MLS), eventually I'll have that access but until then I'd like to not be stagnant.

I don't have many Hispanic people in my area, but the lower income people that I deal with tend to have smart phones with internet accesss.FYI - I had the signs made at signsonthecheap.com and they only cost $10 or $12 each.

Rachel, I think this might not be the ideal property especially for a new investor due to the following reasons: 1.

If I could 1031 exchange the property in 3-5 years and roll it into a bigger property, that would be ideal.  

I rented to some tenants in September that are chain smokers. Although I didn't personally ask if the tenants smoked as part of my screening process, my lease clearly says no-smoking in the units. And because of ho...

In the grand scheme, it is ideal if there is a powered exhaust fan that turns on when moisture levels reach a certain per cent.