Purchase price 70,0003bed, 2.5 full/half bed. 1447sqValue110,000Rent 1050.

They party when being evicted and run these properties in war zones into the ground.The smarter investors go for properties in NICE areas that are around Atlanta (not in the war zones).The property might be listed for 55,000.Buyer pays 45,000 cash and puts in 10,000 to 15,000 for 55,000 to 60,000 total to get rent ready.These properties rent for 900 to 1,000 a month as 3 bed 2 bath.Low to zero tenant turnover and more cash flow and appreciation when the market turns.These are much better buys.

Next, pull all the sheets/pillow cases off beds even if they dont appear to be slept in and place them all in a laundry basket and inspect/fold all comforters/blankets.

JoeBased on expenses 35% of gross I come out with (757 cashflow/yr, .97 dcr and -.96 c/cMaybe a special population per bed might get better returnsPaul

i am not familiar with the waterbury market, i did look into it a few years but it's a mix of different neighborhoods; some of which are very bed.

I'm going to check out a 2 bed 1 bath mobile home tomorrow.

Also are the rooms big enough for the beds.

If its a generally good neighborhood, it should be fairly quite as honest people are typically in bed at this point.

There is a severe shortage of 1 bed 1 baths in this area.

Well, before I head to bed, I would like to a make post and congratulate BiggerPockets and its' members on reaching such a milestone!