Ultimately, my equity partner is a good friend, and time was of the essence.

. $620 *24 *12 = $178, 560 if you take the $158,00 gross income that vacancy of just over 11%, not terrible, but need to talk with lender to make sure this isn't going to be an issue.Expenses are definitely low if you're going to have management, but ultimately it doesn't matter, not really.Ask your manager to put together a proforma and see what your income and expenses are and how much upfront capital you're going to need to hit those.

One reason I love this asset class is the opportunity for forced appreciation through building income and/or lowering operating expenses.One factor out of an investor's hands - it seems - is the market cap rate, which will ultimately decide the asset's value at sale.My question is: how volatile are are these cap rates?

Save you the cleaning fee that visit and you'd still get eyes-on!

Tenant Screening: The Ultimate Guide

Cash buyers I would like to know from you guys what are your ultimate deal breakers?

I also remodeled an entire house for $3500, so I am weird, but there are lots of simple things you can do that save large dollars.You're stuck with your PM for a while it sounds like. 

I think this may be the safer bet - save up, renovate, and after kitchen is done refinance and buy new house.

It will get you a house and save their credit and keep the bank happy.

I was taught growing up that what I should do is find a good job, save as much money as I can in my 401k and never dream of touching that money tell I’m 65 and retire off into the sunset and enjoy my golden years ...::.