My thought @John Chapman was there would be a huge demand at the $1100 price point considering rental demand is very high and $1100 would be cheap.

You may also be underestimating the demand for 1-bedroom units.

If the market demanded more, we'd do it.

Instead of doing things through my mortgage company the contractor and I partnered.The Realtor brought deals that were basically listed that need repairs or new business.We used a future advance demand note and a construction contract.A few deals we partnered with the seller, obtaining a SWD for a half interest, and special power of attorney to sell, makes life easier with out of town owners.

Most of my deals actually went to "Plan C & D".You must always calculate the rent your fixed up unit will demand and that rent had better cover your costs.

They continue to purchase property in order to fill the demand of students.Aaron Ram - the taxes are very low. $720 for the whole year. $564 in insurance.

They provided me the main advantage of being able to run my properties as market demanded they should versus how the ordinance would tell me how to do it.

This includes a mortgage banker who can walk you through financing options, rates and pre-qualify you; a contractor to help with bid/rehab estimates; an investment-savvy realtor with access to the MLS; and a property manager who can advise on rents, rentability and demand.

To supplement a lot of the education you get here on BP, check out this list of REI BooksI like that you and your wife are working together at learning this business, it makes a big difference!

Our experience with the retail side is that demand/activity is very low in W Baltimore, 21216.