Stay on this site read all you can, listen to the podcast, you will find that every one is in different situations and there is not a one size fits all plan, it will be up to you to determine your strengths and weaknesses to determine what niche you have.

The cost of other (non-new construction) houses in the neighborhood have no relationship to the cost you'll incur to build a new house.Your costs will be based on a lot of factors:- Location- Level/type of finishes- Style of house- Size of house- Whether you GC it yourself or hire a builder- The types of contractors you use- Your negotiating ability- How strategic you are with your designs to keep costs downI've built houses for $60/sf, and I've built similar houses in other locations with different contractors for $90/sf. 

She is responsible for finding a roommate she wants and then I put that person through my normal application/screening/background process before they sign a 12 month lease.

@Robert Cummings, I've recently switched over to Buildium to manage all of my books for my rental properties (as well as the screening/management/rent collection etc).  

Rents are $850 for this size unit. 

Depending on the size of the complex assessments can run into the tens of thousands of dollars for each owner!

I think it depends on the deal size. 

These people have portfolios that would only be good for firewood.The key to being successful is tenant screening.

This being his only rental property, he started to have to pay the contractors out of his own pocket.Then the tenants where not taking very good of the house either.I should also point out that he didn't do any tenant screening, he let them because they were friends of a friend.His point of view on how nice the place should look took a drastic change, more inline with my ideas.In the end things have worked out and we basically agree on everything now.  

I am trying to find a buyer/solution for the next property:Inglewood, CA 90303 Number Of Bedrooms: 3 Number Of Bathrooms: 1 Year built: 1947 Effective Year Built: 1947 Finished Square Feet Total: 1,204 Lot Size: 6,244 Lot Width: 52 Lot Depth: 120 Number Of Stories: 1 Number Of Units: 1 Number Of Rooms: 7 The Tax Year: 2012 Garage Carport: Garage Looking for $365k, selling with occupants that are related to former owners.