He does not use realtors to find tenants, so avoids that type of sizable expense.He'll decrease the mgmt rate by 1% for each 20 units you own, with a floor of 5%.It sounds appealing because many on this board gripe, with justification (Brian A is coming to mind), that PMs make more money when the unit goes vacant than when it is full.

NORMALLY, as a property ages, the land value increases and the improvement value decreases.

The influx of rental properties from hedges funds does not seem to have decreased rental rates to any significance.I have to second your opinion in regards to the value of longer term leases.

You could stick it all in one investment just make sure you have low leverage in that deal to decrease your risk.

I think living in the house actually increases your risk versus decreases it.

Longevity is not the only thing that makes a tenant good but it does decrease your cost.

That is a SIGNIFICANT decrease.

. ====================== As you can see, a well written Contract is structured to decrease your risks if you're unfortunate enough to deal with an unscrupulous Seller.

In other words...right now probably isn't the time to do these deals, especially hard money as the risk of you getting caught short by a decrease in value before you can refinance is huge.

A Broker report just released for our market as a whole from our Association of Realtors shows sales down 2%, median and average price range up 7% and inventory decreased by 14%.