The net result is a very low return on investment.If I compare it to property I own in Dayt0n Ohio where I can be all in to a 3 bedroom one bath in a working class neighborhood for under 25,000 ( and in some cases 20K) The rental income is $625 monthly and the taxes and insurance average less than $125 an month this leaves 500 a month to cover property management , vacancy , and maintenance .

There was no reverand of the church, becuase he died years ago.The building is in a neighborhood on the edge of urban revitalization, and there is new constrution up, and most of the buildings on the street are being gutted and rehabbed.My aunt's real estate agent found a buyer who want's to pay my aunt $65,000 for the building and pay off the liens.

But, I know we will come out of it again and in my guesstimation, it should be right about the time my girls hit college and that is what I am shooting for.Right now, in my neighborhood there is a house a guy bought for 70K and has listed for 129K.

He focuses on what he calls Walmart neighborhoods.

You might want to drive the neighborhoods to find that junker in a nice area with a FSBO sign, go to the assessor's website to find out value and who the owner is, then pay them a visit.

I'll prob work 50-60 hours/week at the JOB with a very stable firm and I expect I have some super solid upside options there.My parents had 2-3 rentals when I was growing up, I worked for a property manager before while in undergrad, ran a successful painting contracting business, am solid at negotiating and selling, have spent my share of time in rough neighborhoods, but I'm concerned I may be too much of a nice guy to ever get too good at evicting poor people.

Ideally located in a neighborhood that is close to your primary residence, and very familiar in regards to commercial and residential.Optimize your exit strategies and think about how they affect your future investment options.Time the market for both acquisition and sale.To be ultra conservative you can allocate large contingencies on costs.

I am a Flooring Contractor....Best price is a Neighborhood flooring guy.

Or better yet find someone who has any personal experience with the COB Sale, or anyone who may be interested in a joint venture.As I understand it these properties will be sold free of any outstanding liens, for the greater of 20% or $500 down and the balance due approximately 6 weeks later.I have completed some research/due diligence on the properties that are in the neighborhoods that I am most familiar with and there looks to be some nice ones still on the list (owners have until the last week in Sept. to petition the City to remove their property from the list).Things that I have completed in researching the properties have been:•Current owner(s)•Property class•Tax Value•Last sale price & date•Drive-by/visual inspectionIs there anything else that I should consider trying to determine before the sale?

I am currently investing in Dayton Ohio. you can buy Rehabbed rental property in workable neighborhoods and can be all in for 2 or 3 bedroom single family 800 square foot properties that sell for 25k to 30k and rent for $550 - $625.