Purchase price: $245,000 Cash invested: $79,000 Attractive B class property within 1 mile of HSV medical district.

Offer them an attractive interest rate. 2.

I know with this budget it will be challenging for sure...from my research so far I know some markets/areas are very challenged/depressed and we are not in the market for a full on gut job...hopefully cosmetic reno only to add value and attract good tenants for the long term.

The low cost of doing business, diverse business base, availability of professional and skilled workforce, intermodal transportation hub and quality lifestyle continue to attract people and business.

_________________________________________________________________________________________________Mobile, AL Market Trends:_________________________________________________________________________________________________- Mobile has seen a 6% increase in rents per month over the last year which constitutes immense growth in rental demand _________________________________________________________________________________________________- 72% of the population is under the age of 45 which attracts more of the younger population of which 40% have said they are interested in renting _________________________________________________________________________________________________- 76 days is the average days on market for a single-family residential property _________________________________________________________________________________________________- The rental vacancy rate is 11% over the last 6 months for single-family residential properties_________________________________________________________________________________________________- There has been a 6.7% increase in appreciation in homes over the last year_________________________________________________________________________________________________- 42% of single-family homes in Mobile are renter occupied _________________________________________________________________________________________________- The median rent for this year is $900_________________________________________________________________________________________________Business Sector:_________________________________________________________________________________________________There are 10 downtown residential developments currently in play and they include: _________________________________________________________________________________________________• Meridian at the Port, 300 N.

This is in the South part of Los Angeles California So most likely will attract lower income tenets.

I don't disagree that a new version of mobile home parks could be attractive.

David,yes,I've seen quite a few newer homes in the area.How have you found attracting good tenants?

Owners and several family members were happy to meet with me and sign the contract, because they knew the alternative was to get nothing and watch their home get destroyed by the city.

So, what do you bring to the table if you are interested in attracting a Mentor?