Purchase price: $90,000 Cash invested: $40,000 Sale price: $1,650 This 100+ year old, 3 bedroom home, is ready for new owners to bring it back to life.

I am interested in see what other professionals have seen as good areas to invest in, what the average rents you are currently seeing for 3/2 roughly 1500sqft homes.

It's been pretty tough to find anything that cash flows lately, so we're going to move ahead despite this after being told it's not an uncommon situation in this particular submarket.We'd like to try and up zone so that it's no longer non-conforming.

Is this the correct first step?

*Could we deduct the expenses of any modifications made to make the home more accessible (ie adding a ramp to the front door)?

Purchase price: $90,000 Cash invested: $40,000 Sale price: $1,650 This 100+ year old, 3 bedroom home, is ready for new owners to bring it back to life.

Purchase price: $90,000 Cash invested: $40,000 Sale price: $1,650 This 100+ year old, 3 bedroom home, is ready for new owners to bring it back to life.

My son is getting ready to buy a new house and this was suggested by an agent.

A 4/3 could potentially rent for $3,500 - 4,000/room/semester.Clearly some other factors to consider, but it would be great to hear any insight from folks who may have done this in the past.

In this case, it is not.It's about intelligence and data, not "patience and Persistence".If you need to "follow up" on people, it means you are not reaching motivated sellers.