If you're spending money on this, I'd recommend stopping that asap (beyond buying books on amazon).  

"$1,000 for the 33 studio apartments, $1,300 for the 54 one-bedroom apartments, $1,700 for the 42 two-bedroom apartments, and $2,100 for the nine three-bedroom apartments."

It's usually a little tough to get information on individual room rentals so I would suggest you look at what similar style studios are renting for in your market area and use that as the benchmark for the maximum price that a bedroom would rent for.

Purchase Price: 170,000After repair Value:260,000repair cost: 10,000rental income: Front unit 3b 2b = $1400 back unit (studio) $500 = $1900 The seller owes $75000 in taxes is 85 years old and her children are a demon spawn.

The bottom line to keep in mind is that you cant automatically charge a ACH late fee if they dont have any money in their checking account to begin with:)I also found out that amazon payments lets you use the credit card to pay someone up to 1000 per month.

Erica Galusha thank you, I just ordered that book from Amazon and I will read it as soon as it arrives!

Has owned units for approximately 20 years. 40 Units38 - 1/1 - $490/mo (utilities included)1 - 2/1 $650/mo (utilities included)1 Studio ASKING: $1.3MGross: (need to get gross numbers)Net(depreciation added back in): $130,000No current vacancy.

This time, it's state as "Studio flat, 800 sq ft" same on both Hubzu and zillow.

Oh, I heard Danny Johnson has his "flipping houses exposed" ebook on Amazon for free.  

There are horror stories all over amazon from people who has their Nest brick due to forced firmware updates (yep, once you install it there's no way to not have it automatically update, so think about how often your iOS updates leave things working strangely for a few months), which can leave you with your heat/AC running full blast until someone physically goes to the property to shut off the breaker.