I would buy as many SFH's or Multi Units as possible with the 200K put tenants in them, head to your local bank which does portfolio loans and get LOC on them and repeat the process one more time.This way you can utilize the power of leverage and get some decent portfolio of rental properties.

Here is the exact quote about the data://Begin quoteThat percentage applies all over the U.S. for all types of residential property including those where the owner pays all utilities and those where the tenant pays all utilities.

I want to take my business to the next level by establishing the documentation and processes that insure compliance with state/federal regulations and create notes that are marketable to note buyers.

The average rental (4 to 5 beds, 1 to 2 baths) on this street runs from $800 to $1100 without utilities.3 out of 4 bedrooms are under lease and will be renting out the fourth bedroom as soon as I find a second property within my target range.

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Three items top the list in this scenario: 1) inquiries to get new loan; 2) age of the new loan; 3) increased utilization.

Runs 2 to 3 times cheaper than window,,so tenants have less utilities...happier,,,easy to maintain.

Utilities are $290 a month for the entire building (it's all metered together.

In the short term you own real property that you purchase now at low price, well below "market value"- these establish you as a local landowner and provide other credit benefits as well.

My quad's come out to 64,000 a door for 850 to 950 a month in rent on my apartments.I don't look at it only from a cash flow perspective however.The area I have the buildings in is an A location prime for redevelopment down the road.Mike it sounds like your local market is competitive with investors and your margins are thin.On one hand it is good to be in a thriving market where demand is strong because usually supply is lower and the amount of rentals and new development for multifamily cannot meet demand.This helps rents grow at a rate that outpaces utility increases and inflation.The downside is it can make some investors overspend on a property because they feel good about the market.I looked for over 2 years before I bought something.I said many times those buyers were nuts.I tracked the properties and many investment properties after purchase just 1 to 2 years later went into foreclosure.They bought at such a price that it wasn't sustainable.I look for a 10 CAP or better on my purchases.The problem is if you someone who has only gotten 1 percent interest off of a CD or Treasuries or they have gotten beat up in the stock market.Those types of buyers jump up and down to get a 7% annual CAP return beating out your offers everyday of the week.By in large many buyers like this can be lazy.They only look in the MLS for listed properties.Value can be found marketing to sellers that are not on the market.They don't want to make public all of their problems ( I know it is common knowledge of default at some point but this is their mindset ).