For maintenance it is great.

Do you need to pay a mortgage originator to handle it, for instance, or keep your annual deal volume below some threshold, etc.?

Good point Steve, many of the issues will be listed in a note that has a refinancing feature, subject to, those that may have a 10 or 15 year term with a call feature after X months, perhaps annually.

I have a paid off pickup that I can drive if I want, but with my commute, the gas comes out to about another car payment, insurance, maintenance, etc.

No tenancy agreements, deferred maintenance that that will " boggle your mind " etc.

The 50% rule is used as a quick method of accounting for things you need to analyze yourself like vacancy, maintenance, turnover ect.

This also seems to be a decent place to find non-MLS listed properties for sale by local wholesalers and other investors.Hi Robby, did you have to pay the annual membership of $179 to attend the MNREIA meetings ?

$870 x 12 = $10,440 This is your annual NOI (presuming you are right and the operating costs do not exceed 50%).

I leased annually and did not have any vacancy issue, in fact my tri-plex rarely had one unit empty, it would only be 2 or 3 weeks.

In my market Buyers who are upgrading are more receptive to a staged home.Investors who are looking for rentals tend to see the other aspects (ease of maintenance etc.)Marie,What cities do you primarily concentrate on in the Central valley?