And I'll raise a stiff cold drink to you and your 84K payday.

I would say ABSOLUTELY stay away from landlording.If you want to flex your artistic muscle, I would suggest rehabbing.

I'm just waiting a little longer for Bernake to raise interest rates and really slam the RE market before I buy.

:wink: Before that, I worked as a nurse, then stayed home to raise the kids.

It also WILL exaggerate any raised defects in the substrate.

I'm glad this was brought up because it raises a topic that's near and dear to my heart.

I tend to do my own work (although jacking up and putting a foundation under, in order to raise the ceiling is beyond me) and I'm not sure I could bring this in for $50KI'm guessing you have building codes so plan on re-wiring the whole house to bring to code.Floor uneven and warped is MOISTURE, have to find it and stop it.Don't know the size of the windows but a few hundred per is about right.Carpet a few thousand.Sheetrock repair a few hundredKitchen cabinets and appliances, minimum of about $5K for CUT RATE stuff.Counter tops, $300-$3KInsulate and sheetrock basement, a few thousand.Knock out a few walls etc in the upstairs, about $5K+, moving walls is not as simple as "moving walls".Bedroom doors, $100/each, minimumLandscape and exterior paint, a few thousand."

We're also kicking around the idea of raising a small equity fund based on the low vacancy rates and high subprime default rates.

I decided to post more and ask more questions as time goes on.A little about myself: I'm from the Houston, Texas area, born and raised.

Agents like to hear they will get paid and there will be repeat business.I have used buyer brokers where I raised the commission above what they would get from the seller.