I like @BriannaSchmidt idea about the open house, I work full time and the only time I have an issue is when I have a unit vacant, but I deal in houses that just don't have much turn over, screen my tenants well, and the average tenant stays 2+ years, so that isn't much of a problem.

They are trying to move that product so they will know.John

I'm guessing at an average purchase price of $20k per he will have to do an extensive rehab to the tune of about $40k per.

I think this idea is way outside of the realm of the concerns for the average investor.

And the interest rate is worse than any other local lender I've gone with to date.So, for me, this loan product is simply unusable in its present format.Until they come back down to earth, I just don't see it being a good fit for me or, likely, any other small investor either.

The good news, however, is that the SEC is thinking about changing the rules so that average Joes and Janes can participate.

You have to have above average negotiating skills and the right conditions to be able to purchase this type of property at a price that will allow you to wholesale.

On average how much is rent per family in a standard split family home?

If you would, please share some of your good, average (as if there is such a thing) and bad stories.tiajon

I am looking at buying my first rental property and wondering what strategy makes the most sense, I have some cash can buy one house that might not be in an area where the value will go up anytime soon but has slot of renters and the house would need little work if any before its ready to rent, option 2 would buy maybe 2 in that area but they need work so can use a credit card to cover the repairs and help build my credit ( I have a good score just not a real long history which the bank dont seem to like) option 3 would be take the cash I have to cover 20% or higher of a down payment on a house in a better area where rent is 300 higher on average my goal is to buy and hold and rent maybe down the road get into buying and selling thanks for any opinions