These programs are for owner occupied purchases only but allow you to complete the purchase with 100% financing and reduced closing costs and you may even qualify for closing costs assistance to cover the rest.You may also wish to check out the local REIA club meetings.

The number must be > 1.1 to 1.3 today.The banks will reduce the NOI by (vacancies + reserves) so it can get rough.

It has also greatly reduced not only the questions and phone calls, but also expenses that in my mind should never had occurred but was hard to prove without wording in the lease.

Figure out the cost of lost opportunity for the funds you will lose earning power on to put 20% down to avoid PMI and PMI is the best thing you can have.  

You have to check with your state to see if it's the same.If used correctly, it can save mark-up and OH cost and reduce the amount of change orders, which directly affects your bottom line.  

Southern Cal is generally considered over priced, but you can see that for me every $16,470 earns $100 in rent in CA, but I would have a $18,160 to $100 rent ratio on my primary residence in Vegas.Just my two cents, but there are other, more attractive markets out there.

I'm an electrician and cam do my part and reduce the construction even more.  

You will earn and learn.

I would also say keep the tenant in the house while selling it so at least the owner is earning something while he sells it.

Pros:Fewer days on the market (aka reduce vacancy) from additional marketing time and lining up the tenant before the existing tenant has vacatedStaged homes rent better than one w/o furniture (although rare the tenant has good enough style :))Ability to perform an informal "move-out" inspection, which provides a better idea of the turnaround time before the new tenants can move-inTenants may tidy up the place a bit and get a head start on their move-out process (rare, but worth pointing out)Cons:Reduced rent --> assuming some of the above bullet points are a stretch from reality (aka staged home and tidy up the place), the clutter and style may detract tenants from wanting to move-inInconvenience to the existing tenantsCoordination of the showings requires contacting the existing tenantsI know many SFH will list the property while other tenants are in it, but you must take it on a case-by-case basis, and it's heavily dependent on the existing tenants.