Out of curiosity, which college town did you invest in? I

I just wanted to point out that the all-in is what matters so yes, you paid $45k per door which is apparently on the high end of the C class for that area, but as you pointed out, it is a stabilized operation at 92% occupancy with very little differed maintenance.

What market/msa's are you in?I

The only thing it doesn't factor in is your mortgage payment.So we have Rent 1200 * 50% = 600You are indicating that your mortgage is 614+300.

I found a property that needs a little work, most of which I can handle myself, some not.So.....IF I were to take the next step, should I be going about this the same way I did when I bought the house I live in?I

And when more than one person bids should I still make a offer lower than the listed price or is it common for the price to go over the listed price if someone already has a offer in?-Is

You CANNOT underestimate the importance of the mls, as well as being on the various websites that being on the mls also gets you on to like realtor.com, etc that most buyers do their searching on these days.To me, the value where a realtor comes in is in whatever value you get out of him/her as far as things like correctly pricing your home goes, etc.

I have no real estate investing experience save for the home I'm currently living in. I

But I also know that I need to look well into anything I decide to Invest in. I

The niches I've found myself in, I couldn't have guessed those in a million years, nor did anyone ever suggest any of the ones I landed.I'm from Atlanta and have properties there that I bought in the investor boom, and have been following the market closely.