Loan terms and valuation are similar to residential and not commercial.What you will notice is a market that is down with employment problems will impact all types of housing.

Flipping or similar strategies where you can use the $5K on marketing could be a more profitable way to go.

Thread has been closed because it has gone too far off topic.Feel free to start a similar thread, but try to keep on topic.

The newspaper or other places that most of the similar properties are advertised.Rents are highly responsive to what is on offer.John Corey

If you have $2,000 per month rentals in NYC, then more amenities might be warranted (check out similar units).

Another good example of a similar risk is investors bidding as owner/occupants on HUD properties, which I hear happens alot.I guess I'm going to have to bite the bullet on the risk factor here for my first property and DEFINATELY get a mortgage broker to work on my next one.

This is called a Contract for Option to Purchase, similar in effect to a Contract for Deed.

The recession was tied to the 9/11 and dot.com events so the local banks who operate nationally and internationally were impacted a bit.Charlotte is similar to Portland OR and Seattle WA in that it sort of missed the boom so the market is healthy now.

In some ways similar to the PacNW in the USA (open spaces, lots of rain so very green, mountains, etc).

And isn't this similar to doing an 80/20 loan????