If you pay 35% percent for a property in a market that is being artifcially propped up by banks holding REO's off market until supply is reduced, then you will likely be holding an property in a market that is still declining.

It could be reduced by 10% every year.

Why stop at all the other taxes Obama is adding for us (which by the way was suppose to reduce our middle class taxes - remember - "time for change") What a joke!!!!!!!!!

The two that I have bought have been for 80% and 85% of an already reduced asking price - 54% and 77% of original asking price.

Economical and circulating air reduces moisture in the unit and thus less potential for mold.

Current ROI is 8% ((12 x 9 x $600) - $21000)/$560,000Potential ROI is 14% ((12 x14 x $600) - $21000)/$560,000There are a few variables I haven't taken to account like what rate of interest you will be paying but where are you going to find such high returns.You can play with reducing the asking price to see if it would make much of a difference but I would suggest offering something like $530K and accept what ever she counters at if you really want it.The only thing I can say is that this may turn out labour intensive, so factor in an addition 10% on the rental ($60 per month per property) that you have to pay a property manager.

I'm worried that thinning my list down will reduce my chances of landing a deal but I should be more focused on my mailing frequency and be confident in my mailing list.

If a person with kids lives in one of the rooms, you'll drastically reduce the number of people willing to also live in a house that has kids.Put a bedroom lock on each door.Think about showers.

BP--I'm looking for best practices on safety measures to reduce crime, breaking and entering, etc.

There may be an opportunity to help them solve a liquidation problem, especially if the other properties are rentals with deferred maintenance.So far, I have performed a good scrubbing of the list as a way to reduce costs and target those who are most likely in need of a solution.