(I did it successfully)6am call because there is no hot water, thermostat burned out in the middle of the night.There's other stories I have too and I'm a noob at landlording, I've only had tenants for 3 months.So realize it's like MikeOH says it's not nearly as easy as the gurus say.

I realize that you don't have much time to do it, but you could earn a lot of money between now and Christmas.

I realize that this is a forum setup for investors (which i'm really not) :)....However, thought I would check out how you guys would approach this.

I realize that may sound a little off the wall to most of the folks on this list, but it is what it is ...I have no experience in real estate deals at this point, but I do know how to follow protocols and believe creativity can be applied to whatever one is committed to once one has a good mentor and understands the nuts and bolts of the process.

But, you have to realize that's a job, and you're income is limited by the amount of output you can produce with your hands.If you want to stay in real estate, and you were good at finding deals, wholesale.

I believe I am correct that in this area investors in rentals look at a longer term forecast if they intend to fetch revenue from rentals.May I ask you something Mike, I realize it's something you'd rather not share, but how much money are you paying each month in bank interest?

Wouldn't go out and that was that.They began to scream inside the underbelly and it took one night to realize they weren't going to leave and couldn't get fly time to eat.

I realized it was barbaric, and I didn't have anything to prove, so I stopped.

I was targeting a "cash on cash" return of 5%... and I plan on having a property manager handle the management...So here's how the numbers looked (The building is a 6 family: 2x3Br, 4x1Br)...Purchase Price: $290,000Total Monthly Rents: $4275Expenses (50% Of Rent): -$2138Mortgage P&I: -$1558 (based on $217500 Loan at 7.75%)Projected Monthly Cashflow: $579I realize I'm pretty far from the 2% rule here, but situationally, it's one of the closest I could find in my area...

(explanation: I charge one months rent to break the lease and they have continue paying rent and utilities until the next tenant moves in)I realize that many investors are able to purchase properties at a 70% discount, however they have not been available in my area.