The only shot you really have in SoCal is appreciation, and we are so high in the market right now that even that could be pressed.

Talk to at @Upen Patel at the federal savings bank about lending.One thing to consider before you go too far down the rabbit hole, is that you will be hard pressed to find a 4 unit property in DC that meets VA condition requirements that is below the VA loan limits.

Ally is one insitution offering rates which larger lenders are hard-pressed to match.As the "buying public," our words must follow with the root of democracy - action.

Ok, to begin with, I don't know about the rest of you guys, but here in Missouri our profits are not 100k per house like on TV.

Yet, you're ignoring them and pressing ahead.

No Jo, you are going to be pressed to find properties meeting even the 1% rule let allow the 2% rule in Everett or Lynwood straight off the MLS.

@Tara Piantanida-KellyYou may be hard pressed to make 35% CoC deal in western New York ... though you are next door to the rust belt, so perhaps they do exist in your area.If you wander a little further west towards Cleveland, you could may find deals like that (there are some that produce 3.0+% rent).Or ... maybe you have the ability to improve your current deal.

Utilities, including wifi and cable tv, are also additional costs that owners don't usually have to cover with long term rentals.Furnishing--short term/vacation homes should be furnished with a combination of durability and sought after amenities in mind.

I always wait for the comps I need to document the value and compare the risk since appraisals are non refundable so you want to get the highest chance of certainty you can get before you press the "order appraisal button."

Watching enough reality TV can give you the impression that everyone completes all of their inspections because they are waiting for a huge problem to arise (right in time for commercial break, of course).