Contracts are extremely important when it comes to contractors.

I agree with John in that it is extremely difficult to predict growth rates.

The biggest concern the OP needs to address is exactly what they are addressing.

Thanks John, I want a property which can mostly pay for itself, but I am more concerned with long term appreciation.

Too much back scratching.With politics, it is a personal choice we have the freedom to exercise and it usually leads to argument with no constructive outcome.The main thing I've been concerned with is the 250k tax bracket plan.

My guesses are:* they can't get finance* it just doesn't occur to them - home ownership is outside their expectations* they are concerned that they won't cope with the bills (eg repairs)

Rate is extremely high for a conventional loan. 3.

I found Propertyware incredibly easy to use and the customer support is extremely helpful.

I would be happy to plug the numbers in for you and show you where you are at on your deal.I can tell you that your purchase price and the number of units places you at $10,000 per door which is extremely inexpensive and gives you a very high cap rate even if the OE is 60% + 15% vacancy.

Although our office is getting new agents every day and some of them are doing extremely well.