I decided not to take any of them because with the repairs they needed (I didn't have a free source of materials), plus the $1500 to move them and set them up, then pay extra to hook up utilities, they became more expensive than buying one already set up in a spot.

The small banks can’t stomach the negative spreads in the event the cost of their deposits rises.Eric’s comments about getting a new banker are spot-on.

I would likely pick one spot to invest, sell your other properties and consolidate into one area - it's hard enough finding one good quality and trustworthy property manager, let alone multiple ones in different areas.

Charles is spot-on!

Welcome to Bp Nation Chris, you will get plenty of info here @ no Charge Just post in the right spot or ask some one and they will lead you the proper place to ask a question

They can spot system (heat, plumbing, split boots, etc.) problems and can point out code violations, etc. that you would want to know about.

Bandit signs in the right spots can last for MONTHS at a time.

While it is a different strategy requiring different techniques, I believe it to be the best for our current market conditions.And yes, even this biz has beeen affected by many of the issues posted by Scott, but at least I know if I get the property or not right on the spot and I know my numbers from my DD.

There are legal opinions about this if you look in the right spots.

Thanks motiv....i have been asking myself repeatedly if i am going too fast.....if i am making the right choices...i am comfy with my analysis but i want to make sure i keep my eyes and some resources for other opportunities..regarding the ira.....we are rolling that over to a C-Corp and then investing in real estate..this way i do not have to take a distribution....i am trying to understand the double taxation effect of a C Corp...i read on this site that an LLC is a better option...not sure if tht option is available for ira funds....if anyone knows pls advise....bill....all these are conventional loans...so need to put down 25%..for e.g.i bought a vacant studio plex for 133k, put down 25% and spent another 2.5k on appliances and repairs....for a total outlay of 40k incl closing costs, rented each of the 4 units for 600(rem. these are studios), used 28% expense ratio, and i get annual cash flow (before tax) of 14k.i want to get another 5 properties next year...and hence want be a bit wiser before i buy the next batch over a year...what shd my next move be?