That is our plan.The costs of renovating the property are added to the tax basis of the property for calculating the gains when the property is sold.

Please be sure to keep and ad posts to the classifieds or they will be edited or removed.Thanks.

TALK TO PEOPLE about your business.Have you tried signs and newspaper ads.

Locally I am allowed to charge 110% of market value price, so if the normal 3 bed is going for 750 on a certain street or area I can easily charge 800-825.I have only had to evict one Sec8 tenant so far, and I generally have 30-40 people call for each housing ad I place when one is ready to go.

With millions of gimmick loans resetting this year, there will be literally millions of additional foreclosures, adding to the inventory on houses on the market.

Two big focus areas this month:1) Marketing Automation - Website - Online ads - Direct mail2) Leveraging People - Virtual assistant - Part-time assistant (college student?)

City has added stuff but everything should be cleared this week.

It takes time but the key is to market run a ad and if you have local REIA group attend the meetings and network.

The Market determines rent.You'd be able to find market rent by calling on rental ads of similar properties in your market or scanning craigslist to get a ballpark idea.Generally in my area you are paying 1600-2500 for a 2 bed room in decent condition.Could be an entirely different story on the other side of town.

The best way is to network with real investors at your real estate investors club (see the link on this site for a listing of clubs in your area), and/or call for rent ads and signs and talk to the landlords, who may be buyers for more properties, and establish a buyers list.