The 50% number includes taxes, insurance, vacancy, capital items, maintenance, property management, evictions, tenant damage in excess of security deposits, snow removal, pest control, CPA fees, legal fees, etc., etc., etc.It does not include principle or interest payments.On any particular property in any particular year, the 50% number could be wildly wrong.

Maybe in the long run, but not any time soon because we still have a lot of excess capacity in the economy and that's not going to change as long as the bubble has not fully burst.I agree with you that we will see entitlment changes.

What do you mean Bill....Stage your leases?

It was dark, Joeinoh. utilties should be on, to stage your property (its a cost, the mind is so please to view mechanical things at work),lights are very important and etc.,.

An experienced eye regarding quick fix-ups, staging, etc. that can help the home sell better3.

The less predictable ones include special assessments, damage in excess of security deposits, legal fees, utilities (at least when its vacant), CPA fees, etc.If you buy a dumpy bank owned or short sale property, and fix it up, the bank has some justification for the new value.

Count on about 5 percent over the first 45,000 euros of the value of the property and 2.5 percent on the excess above 45,000 euros.

So what you see as a fair market rent may not be the same.The lender will use that FMR and deduct that from amounts paid and any excess payments will be considered as the down payment.

My strategy would be geared more towards rapid growth in the early stages to build up a large cash reserve, and operating capital so that I could more effectively manage a larger portfolio long term in the future that would be more of a slow and steady growth strategy.However, if I were you, I would consider taking the offer and developing another near-identical project, sell it, and repeat.

These folks are at different stages of the process when they are put into the newspaper.