Her basement is a not very nice 2/1 that gets $750/month rent- with walkout on the short side and no other full size windows.

He would then maximize profits by building the houses in China and then shipping them here combined with a massive marketing campaign to convince the public that not only are his houses pretty nice, but they make you a little hipper than what you once were.

I want to check where my head is at after owning 6 properties and putting over 100 offers in over the past year.1,100 sq ft 3/1 house in a nice neighborhood built in 1960Purchase price: $42,000Borrow $35,000 @ 5.5% 15y$3,000 for clean up and repairs$10,000 cash investmentProformaRent $900 a month = $10,800 a yearMortgage $286 a month = $3,432 a yearTaxes $100 a month =$1,200 a yearInsurance $100 a month = $1,200 a yearI know there is unexpected vacancy costs, maintenance costs, lawyer costs etc...

@Mike Denham That is great to hear :) It's a nice approach from a brokerage to give home shoppers the information they want, instead of the old agent bait-and-switch by trying to capture them and track those buyers down like wolves!

AC, sprinklers all around, all that nice stuff.

For my own SFH investing and grading properties for tax sale bidding I use;A = very nice areas probably to nice to be profitable as rentals.B= the kind of neighbor hood I want to own rentals, nice blue collar homeowner areas.C= Viable rental areas where there are landlords buying but I wouldn't want to own there.

This week, I bought a nice 3/2 subject-to lender, HOA, and tax challenges.

Now, if you can get the rent up to 950, I think it becomes a really nice deal in the 30 yr scenario.

It sounds like a nice piece of property though.

We also do a fundraiser for a local kids hospital or other charities.It's been really fun the past couple of years and it's nice to see the kids faces when they can climb on the firetruck!