Carpets need cleaning, stretching and smoke smells removed.

Teaming with folks that have done it before in your area will certainly be easier than trying to learn it all on your own.

.- Duct Cleaning.

You might do a cooperative assignment, lease w option and sell the contract for a fee.There are easier sweeter deals all day long, for cash or for terms.Best of Luck,Brian Gibbons

Assume conservatively that it will take a month to turn around once tenants move out, clean up, paint and find new tenants in your calculations. redo your calculations to deduct the vacancy rate you find appropriate along with adding costs of a months utilities to each year or at least up front.

In todays market renters are easier and easier to find in the post sub prime melt down where more and more home owners are now again becoming renters.

I've done many at 100% LTV by selling the financing instead of buying the property so to speak.Retirees want income, low taxes, no headaches or worries, no more maintenance, repairs, tax return complications, cleaning, advertising, tenant collections and issues.

Expenses such as damage, clean up, re-rent marketing, legal eviction, etc.

That means as clean as possible -- as high a price as I can offer, no help with closing costs, no due diligence period, no contingencies close in 3 days (or as quickly as the seller would like).Even those offers are getting rejected too often...I couldn't imagine playing games and asking for more with my offers.Now, that said, maybe other markets are still buyer-markets and investors can still afford to do this...

has anyone noticed when they open the door to see the house for the first time, if its a 'good' house, it is totally clean, the electricity and water are both on.It's also funny when they say "houses in this area sell in the 140's",,I guess the size doesn't matter to them,, it is good entertainment, but thats what it is.If I started buying houses to keep others from getting them, I would probable be bankrupt in a short period of time, thats how you get killed in this business