It's better to have slow payers in a building than to have a bunch of vacancies and have to pay the heat bill.

You could invest in RE and never meet Judge Bean, then again, it could be you get to see him 6 months after your first deal.And, beware of those who solicit on the internet to provide information from far away, it depends on what it's about, but as you zero in on your local business, no one in Miami specializes in your county, so ensure what they may say is compliant where you are.

Like they are going to use any rifle against a Cobra with heat detection and firing a missle at you from 10 miles away, how insane!

Freddie Mac property in Miami, Florida.Lender foreclosed May 2012.

The lessor but still important issues beyond this could be are the utilities separated, is the heating and ac up to date,are there plumbing repairs or electrical repairs that need to be done.

John,both properties are to expensive the second you must pay the heat thats very expensive even with the 50% rule I don't see an very good deal here.

To turn them into rentals I usually budget about 2k to 5k for electrical and the same for plumbing and heating.

I am currently studying Biomedical Engineering in Miami, FL and will be finishing this Fall.

I miss the heated weather where I can wear shorts, so Texas would be nice right now.Hey Marc Bodinger, I currently own and manage a condo (more of a town home in my opinion), and a town house my mother recently bought.

Comps in the area are dicey since they are all small, older homes ('70-'71s) and some have not been upgraded like ours (most do not have central heat/air, patios, etc).We'd just like to go on to the next deal at this point and want to do it ourselves so we need the cash.