A friend of mine always told me the cheapest/best route was to do it yourself and then have a electrician certify it.The house i'm closing on next week has no interior walls ,so running the electric will be quite easy to do.

I am not a contractor myself, but as a former developer of software systems the systems of a house are quite simple by comparison.

However, if you are a slumlord, well, find another business and quit making it tough for the rest of us.

You could act as more of a bird dog type on this deal and fish around to see who would be interested in the deal, then if you find potential buyers make sure that you collect a 'finder's fee' somehow (usually works best outside of closing).Quite possibly too the seller may pay you a 'finder's fee' as well.

Rent needs to be quite a bit more than PITI to have a profitable investment.

Anyway, its something we need to think about.In my area (Reno, NV) the home prices are quite high and it would be tough to find a deal with cash flow.

Also, if you are a forum violator, it is easy to rack up a negative influence level, especially when your contributions to the site are limited to only 9 posts, of which, sevearl were edited by moderators for forum violations.It is quite clear this character has no place on BP Nation and should be banned.

Pretty tough to negotiate with out that release.Its "quit claim", by the way, not "quick claim."

My goal is to generate enough monthly cash flow to quit my full time job and pursue personal business interests and additional real estate investments.

I think we have quite a ways to go down before we start seeing any appreciation, and then it will just be inflation.