I am sure an add like that will generate very qualified tenants and minimize future headache and losses.Good luck with that.

While there is turnover, the time between tenants (with a house in a good location) is minimal.

The ideas I've been looking into include:A) Going semi green (at minimal cost) and reaping the marketing benefits.

this wil help you understand where your tax liablitly is and you and your acountant can stratigize in the front end of the year to minimize your taxes based on some realistic yearly goals.

If that's the case, the net income would be about $7ck a year and there's potentially minimal headaches involved.Does this seem illegal or sketchy in any way?

With $10-$15k of his average rehabs, he has anywhere from $20-$40k instant equity after the $2-3k refi - all by putting minimal $ down.I am very much anti-debt but this is very tempting.

Are you most focused on doing deals with minimal down payments?

You can use a note servicing company to collect payments and do all the paperwork, which I think is worth the minimal monthly cost.Foreclosing is not difficult in CA.

I'll probably use them to market the first property (they charge one month rent) and after learning from the process may list the second one myself.The other idea I've kicked around is to spend $1500 on minimal furnishing for the apartment.

I guess every location has its strengths and weaknesses, but I think for people like you and me being in a second-rated city helps minimize the competition.