Say in the 48K range for a ARV of 155.

The total investment would be in the range $250,000 to $1,000,000 and each property would have a maximum of 10 investors who would invest about $10,000 to $60,000 each.

The area I am investing in is an area by the water with alot of big developer money going into the community.

Down the road, we hope to be involved in a wide range of real estate investments.

Any US investment at this time is now viewed as long term.American Real Estate Investors are buying Studio Suites in Florida ranging in price from $500,000 each at a South Beach condo hotel.

I know that it has a septic system, new dry well, public water.

The tenants pay for everything but water and sewer which by records runs low of $74 to a high of $179 The loan I got was a 1% option arm and payment with PITI will be about $1270 Once side is currently rented for $850 but I think I can rent the vacant unit for $950.

They were doing the same to us, and I repeatedly called them & left messages and told them direct they better honor the contract-one companies contract read the anything over $300 in repairs had to be authorized-but charged us in 3 parts on one bill-$40 & $165 for two companies to do the same repair, and then a bill of over $800-pertaining to the water heater...well, they sent the bill to us like two months after the work was done-we had no idea, as they never ok'd it with us....I threatened to turn them into the BBB, and the Dept. of Real Estate-(they don't want any marks against their R.E.

I have also seen 400 units sell out in days and there is nothing but trees and there not starting for 2 years.....Just like the last deal I work on the condos were $170K with 20% down payment and all that was there was trees and no road, ele, water, gas and so on, but 10 months later the trees were taken out (price now 200K) 3 months later ele, water, gas are there(price now 214) now the road is in 1 month ago todays price $240K with 25% down payment at the end of the development the property will sell from $300-$320K all within 18-20 months.

I may be overly conservative, but I always try to look at a range of possibilities, including unexpected runs of below-average vacancy.