Right now we are experiencing high rental demand and no places to rent.

Has any one been in this situation will the rents drop due tu supply and demand.

My thought @John Chapman was there would be a huge demand at the $1100 price point considering rental demand is very high and $1100 would be cheap.

Oh, and I did have a lake house that we used for summer vacation rental that did pretty well until the neighbor pulled a gun on one of my tenants (lost money selling that deal) and a commercial building that I had an office in but is now leased (about to lose tenant on that one and desperately wan to sell it).

If the market demanded more, we'd do it.

Instead of doing things through my mortgage company the contractor and I partnered.The Realtor brought deals that were basically listed that need repairs or new business.We used a future advance demand note and a construction contract.A few deals we partnered with the seller, obtaining a SWD for a half interest, and special power of attorney to sell, makes life easier with out of town owners.

Most of my deals actually went to "Plan C & D".You must always calculate the rent your fixed up unit will demand and that rent had better cover your costs.

They continue to purchase property in order to fill the demand of students.Aaron Ram - the taxes are very low. $720 for the whole year. $564 in insurance.

They provided me the main advantage of being able to run my properties as market demanded they should versus how the ordinance would tell me how to do it.

This includes a mortgage banker who can walk you through financing options, rates and pre-qualify you; a contractor to help with bid/rehab estimates; an investment-savvy realtor with access to the MLS; and a property manager who can advise on rents, rentability and demand.