not much, but we update them like it's a flip. that's our downfall and a sore subject. we hope it pays off with longer term tenants and better care of the properties.i used to do the work myself and tackle just about anything, even with a full time job. but with 2 kids that need my attention, i have been trying (successfully) to give the work away. thanks for the encouragement, everyone!

The only thing I was curious about was when you take out the home equity loan from home "A" for a down payment on home "B", do you have to pay that loan off as well as finish paying off the full amount of the initial loan from home "A". Im

Here is an update on my Stats for the first full set of postcards:476 Sent out to Absentee owners From those I received 6 Calls which puts me at about 1.3%. 

For example, I read somewhere that having the electrical in a house updated could qualify for a discount but it didn't specify if that applies to rental properties as well.

Ask your lender and please update what you find.  

Thanks for the update @Devan Mcclish.  

Keep us updated on the the leads!

I aim for (as high as possible) no less than 20 to 25% on most deals.

Background:@Ben LeybovichHi Ben sorry for the delayed response..In regards to your question about Vacancy below is my response:Vacancy: Economic VacancyProperty Class C+/B- Property was foreclosed in 2013 Current owners updated the units, roofs and re-positioned the property from a low ~50% vacancy to current vacancy around 15%Property occupancy has been steadily increasing and the occupancy is around 86%Vacancy rates in Albany, GA hover around 13%Property Management: Property management rate 4%1 on-site manager who pays half rent/~22K/yr salary 1 on-site staff2 Cops who live on-site as well for free rentYou bring up a good point and we will certainly add some buffer to property management and account Ben I don’t plan on going door-to-door posting eviction notices ;-).

Stay on it and keep it updated and you'll learn quickly where the money is going.