Don i didnt speculate on the cost of rehab because it could range from 5k to 100k on these houses- the low purchase price gives you a little breathing room. the house prices will stay low here for awhile at least until these houses are bought up and even then, hopefully bought by good investors. regardless though the rents are pretty nice and my places are full and positive. i have a 4 family that nets 900/mo..and there are plenty to be had. i want more haha!

Its always nice to see another Oregonian

Always check by searching first.With that said, here is a nice list of questions:What was the most recent CE course you took and when?

For this year, I decided to use my spreadsheets of previous years results, to pick off a few select certificates on really nice properties in the Sedona area.I knew this meant my interest rates would be on the lower end, but still better than savings accounts, CD's, and Money Market funds.

. - Paperwork: I prefer inspectors who provide their report and suggestions in a nice organized folder.

I'll stick to my nice C class areas with quality blue collar tenants.

To be on the safe side, try to get property A rented out, and also have a nice pro-forma on property A pulled together, so they'll be more comfortable counting the NCF from that property.

I can see values dropping a bunch but for the cash flow rent rates to drop by 40% something drastic had to happen in the area.Either your property was in nice shape and now it is trashed and instead of pouring more money in you have reduced rents over time OR the area has been hit with massive foreclosures and new purchasers reduced rental rates to rent up fast.I like the idea of the local investor to take it on.I never buy 2/2's unless it's apartment buildings.For resale 2/2's are really hard and do not hold value as well as 3/2's.Some areas it might make sense but not for me.

If you make your house really stand out, i.e. custom cabinets, granite, all tile in the bathrooms, nice doors and trim, you get the picture, something that is a real cut above the other houses in the neighborhood; how much more can you realistically get for it?

Portland area rents increasing nicely.