There are smart, but cheap ways to spruce up a place to make it generate more income.

Justin Tahilramani For whatever it's worth, vacation rental PM rates of 20% are actually somewhere between "cheap" and "standard".

If he just needs a few nights in a cheap motel or some hired moving help or.... figure out what his stumbling block is and see if you are willing to solve it. 

And do not cheap out and under pay your company.

If it's fairly cheap then go for it since you will save energy costs in the long run. (4) Since the basement does not have a kitchen, can I put a desk with microwave, coffee machine?

General real-estate education can actually be obtained quite cheap.

(for those of you who will only work with your cousin's step-brother's mother-in-law's next-door-neighbor who just so happens to be a newbie Realtor).Bounce Around Real Estate, Inc (for those of you who want to bounce from one Realtor to another, to another, just please keep it within our firm and we won't care).We Jump When You Call Realtors (cause we can just jump up and leave church or our kid's soccer game at 2-minutes notice to go show you a house, but please don't jump over to Bounce Around after we have "jumped around" for you).Who Cares About Appointments Real Estate, LLC (hey, just cause you made an appointment to meet us at a certain time, you really don't have to actually show up - we don't really have anything better to do).No Money, No Credit, No Problem Realtors, Inc (we're all a bunch of hunger newbies and we won't ask you for loan pre-approval cause we don't want to offend you).Cheapest Damn Realtors in Town, LLC (yep, go ahead and ask and we'll cut our commission for you, cause we don't have all of that overhead like, marketing, E&O Insurance, training, education, a website, etc - all we do is stick a sign in your yard, but hey, you're too damn cheap to pay for anything else).Sure, We'll Drive Your Arse All Around BFEgypt All Day Realtors, Inc (as long as you don't mind riding in a horse-drawn buggy since gas is so expensive and we know that there's a 70% chance that you will bounce over to Bouce Around or No Money anyway).

@Thomas Loy , the only way for you to wholesale deals that are ON the MLS is to acquire them really cheap and sell them BELOW MLS list price.

Buy the one that makes you "run to the bank" because you can't believe how great (cheap) the price is.In my 25 years of land experience, if the it's "for sale" the deal is not good enough.

The baby boomers are coming and there isn't any cheap beachfront real estate left in the States.