You're quite a ways from breaking even.

I also hear he dances quite well, so he's kinda a double threat :)Do you hope to eventually make REI your full time gig or are you content with you job?

He's hoping it eventually lets him quit his job, but right now, he can build the business he wants without worrying about bills.

Hi Ryan Watson, I agree with Shawn H. that you should wait until you actually have a committed seller before you go through all of this work.Searching a property's title actually involves quite a bit of working knowledge and know-how.

I like to look for them on Facebook, I've found quite a few that way.

My schtick was Drive Control Automation...loved it but the politics etc drove me crazy.I called it quits @ 49 only because we had accumulated a good stable of quality properties.I love RE & the constant challenges.

I'd guess this would be close to break even at market rents, not quite so with the reduced rent for grandma.

I've met some really interesting people who are rehabbing homes, and quite enjoy the real estate investment community.

Aluri,I have a rental property in Mesquite that has cash flowed quite nicely over the the past several years.

If I am highly leveraged, which in most cases I am and on many of the houses I've purchased in the last three years as I have less than $10k in on each of them, my return is quite significant to say the least.Inherently, I see nothing wrong with buying affordable housing.