not sure when my reply was made, but my tenants (young but responsible kids) left at the end of January. they were paying $1125 and had to leave cause money was getting tight (baby and suck). i offered them to lower the rent for 6 months and then bring it back up, but they left.After some active and passive loss (updates and vacancy) that totalled ~4k, i put it with the agent on the MLS. just being vacant for one month costs me $2,250 (Realtor fee and empty month)was able to get applications immediately and signed up a family for 3 years at the rate of $1,225..increase of $100.

If it were to be cut in half via a re-zoning issue, he/she would fight tooth and nail to stop that and if not successful, would likely not buy the parcel.Good luck to you and as already stated, start with the planning department.

Buy cash (not recommended), secure financing through a Commercial lender, get seller to carry financing, or buy subject too the existing mortgage.

Unfortunately, they're baby loans, under 50k, which reduces opportunites elsewhere right out of the gate.

Marketing should be your baby, but if you have a good amount of cash ready to spend, still marketing should be your baby and track your marketing so you are not wasting and throwing it away.

The property was the owners baby. 3 of the tenants are section 8 and 3 of 6 units are deleaded.

Other people do it without a mentor, I think I can too. The

.$7500/120=$62.50 per hourMy 3rd flip I hired a contractor I can trust and that I don't have to baby sit...I really only go over to the house 3 times a week for about 30 minutes...I have had to make 4 runs to Lowes to buy bulk orders, but that has been about it...we should make around $25k on this house and I bet I will have 60 hours in management time...$12,500/60=$200 per hour...

Does she have an income or is she a semi-related interloper baby-popping sponge?

When you find a prospective property, you will want to go over the profit and loss statement with a fine tooth comb and compare it with typical investment property figures.