Where I live, if I were looking at residential properties (below 4 units), average sale value would be anywhere above 150 times of monthly rent.

If you buy for $10,000 and sell for $18,000 and get 10% ($1,800) down you will only have $8,200 into a performing note that is paying a way better than average rate of return!!!

I understand your frustration but have you looked to see on average how long it takes to sell a house in your neighborhood...the other possibility is that the price is too high...those are the first two things I would look at.

However, if I move back to Virginia Beach, I'm changing gears, getting out of the IT industry, and becoming a full-time real estate agent.

TX is not the place for appreciation. 2%-3%/year is about average!

This would be a short term investment averaging three years, then the resident will purchase the property.I have not factored closing costs into the questions below, simply, becuase they could be really radically different.

But if it's an average 92 Bronco, there is nothing to be ashamed about.

NO EXCEPTIONS.The house has a very high efficiencey A/C, extra attic insulation and solar reflecting screens on the windows to keep YOUR utility bills lower than the neighborhood average!

That also means if the property is to appreciate by 5% which is the national average that means you made $50,000 per year in appreciation.

Now is the time for a career shift to a high growth industry where your earning potential is uncapped. 10 year-old, LA based BroadSpire Inc.’s new agency www.PingWorx.com has recently been selected as a preferred vendor to Realogy Corp., owner of Century 21, Coldwell Banker, ERA and Sotheby’s International Realty.