Plus, they point out that the properties are nicely rehabbed, in solid neighborhoods with high rental demand, tenants are rigorously screened, and to cap it off, the buyer may well sell the property at a big gain well before these repairs and capital expenses start hitting (remember, you presumably "captured" a boatload of equity when you purchased), at which time you can roll into another property.At any rate, if you hold the property, the assumption is that Years 2-30 will experience none of these expenses.

I think my wife and I would rent for just three years at least you have a solid exit strategy.

It may not be much more than one of the items I listed above and doesn't necessarily make the place a toxic waste dump.

Nick, banks generally don't list homes at 33% of FMV, how solid are your numbers?

In some ways it kind of seems like a waste when a lot of people in the area would probably love to have that tax rate.

It's frustrating me, because I'm still working on Private Lending, but I'd like to be able to get some solid comps and start running numbers on some properties, to present to my potential lender.

So many gurus will tell you to build your buyers list first, in my opinion, that is a waste of time.

Both of your points are solid advice.

Now we are wasting time & money due to the upcoming Holidays!

"It's not enough, I know that already, that's a waste of time".