That said, that's still a pretty good deal given that you'll be generating about 20-30% COC on the deal.

Your management costs are greater (25-50%) if you have it managed, And your window for income generation is often seasonal.  

Hi everyone and thank you in advance for any advice you may have.I have a situation where I purchase a house 6 month's ago for a family member,my daughter,to move into.I applied for and received permits to do construction repairs to the property.Since the house was purchased by me for a family member,I as the homeowner was able to pull the needed permits.I am not a licensed contractor.The permits were for scope of work/general repairs and minor electrical repairs.In my state of South Carolina if an owner pulls permits on second homes or investment properties,you are not allowed to sell or rent the property for two years.Well do to unforeseen circumstances,illness in family,my daughter can not move in and I will need to list the house for sell.It will cause me some financial problems if I try to keep it.The majority of the repairs have been done but are not complete.I need to sell the house in unfinished as is condition.My question is has anyone dealt with open permits when selling a property.The permits are with the County of Charleston and they have always had a hard nosed attitude about generating revenue.I know the most obvious answer will be to call the building dept. and find out what to do,but just wanted to get a heads up before I do from anyone who may have had a similar experience.Thank you....

Now the reason why most will not turn down a listing is because their in business to generate an income.

How much equity do you have generating $5k/month?

I first found the BP podcasts while randomly browsing through iTunes. 

The last quarter (annualized) is 6.7%.The fundamentals and economics are strong for Orange County, however, from an investment perspective (and what we advise our clients), your investment capital can go much further in other markets that have similar or better appreciation potential, while being able to generate positive cash-flow while owning more properties with less land-value risk (depreciation).With a median sales price of $585,000 and median SFD rent of $2,350, the rent-to-value ratio is a mere 0.4% -- far below our minimum target of 1.0%.Thanks Karen.Continued success!

They run random lexus nexus searches which will show where your mail goes, where your car is registered, who's name the utilities are in, ect.  

Best to cut your living expenses to the bone and figure a way to generate some income other than those funds.

You found a home that is less than renting and if you want to ever move you will have an income generating property!