These are lower income rentals, but the tenants could care less as to which stove is in the unit.I generally attempt to put in used appliances when possible, generally search craigslist for these appliances, gas stoves are ALOT harder to purchase and more expensive.

Just make sure you screen well and don't acquire a tenant that doesn't take good care of there unit.

Larry Chafe Careful,-20% of $100K is $120K (Cleveland, Pitt)-20% of $900K (where I live) is $180K.Cheap properties can be overcome at -20% neg. :)

Just be careful with partnering with family/friends.

HML’s don’t generally care about your credit or the equity in your personal residence.

They will be posted with a very low starting bid, but have a hidden reserve price so that if the final bid is too low the seller has the option to reject the offer and put it back up for auction again or list it on the MLS.Be sure that you carefully read the terms of the auction.

We also schedule an annual inspection about 45 days prior to the Lease expiring and present the Lease Renewal at that time if the home appears to be well taken care of.

Be careful talking to too many bankers though as each will pull you credit and put a ding on it.

The company might take care of check-ins and the cleaning of the unit, for example, while you handle the promotions and the bookings.

Take care of the problemas normal and move full speed ahead with collection and eviction!!