Along the way, the rents are pretty good to make a small profit monthly provided you maintain, provided you manage them yourself and do 50% of e work yourself.

We pride ourselves in having and maintaining a clean site for everyone . . . but we do need help.

I dont have my own home anywhere, so I could have a property in say western TX (where no one I know lives) and move there myself to maintain it.

Bigger homes cost more to maintain and someone stretching themselves to get into the house may be susceptible to losing control after a large financial hit.Second is the explosion of Adjustable Rate Mortgages (ARMs) combined with the low interest rates.

The more involved the rehab the more I am going to insist on maintaining a 30-40% profit margin.

I then did the rehab myself, working nearly every day in January, including weekends to get the property ready to rent.I use the term rehab fairly loosely in this case, because the rehab consisted of interior paint throughout, new carpet, fixing some plaster walls, new appliances, some minor DIY plumbing and electrical, and basica cleaning.

If they call you first (say...after they get a letter or see a sign) then all is fair.

Although if this is your first property and you don't have extremely strong credit you may be required to have a down payment.I'm fairly new to investing, and am looking to purchase a third property.

Some of this is so that we can make taxes more "fair" and some of it is incentive to encourage people to make certain choices (get married, have kids, own a business, etc.).

However, I have had people make very fair proposals and have often accepted.