I am trying to find my first rental but in order for it work it has to meet seemingly impossible criteria.Here is what I am looking for:SFR, 1600-2000sqf, 3bdr, 2+bth, 2 car garage, built after 1985.Location: Midcities area of DFW (Dallas-Fort Worth).These houses are listed between $110K and $130K and rented for $1200-1600/mo depending on the area.However, once I calculate effective cash flow after all expanses are paid, my total purchase price must be at least 30% less than the list price.I asked several listing agents if the seller would lower the price but response was always the same: "we already have multiple offers".

I would like to get into a duplex to start investing.I currently have a house that I live in 3 bed 2-1/2 bath and a bonus room atop a 2 car garage.

It had to be drawn up by an engineer and submitted to the municipality and recorded at the courthouse.

Tax Guru's,I purchased rental property for the first time this year and am quite the Newbie to renting and taxes.My question is whether I can use different methods to expense my car versus my wives car.

Even though he's just writing about wholesaling.b) He brags about his cars and his waterfront penthouse he lives in.c) He indicates that he spends about $25k annually on his education and that all winners think this way.d) He says "All my friends who are wholesalers make well over a million dollars a year.

I'd say you have no idea of how far you're getting in over your head, our last office-warehouse deal had inspection and engineer reports that were more than 15K.

My LLP (landlord policy) has very adequate coverage, fair market rent coverage, insurance on a 3 car detained garage.

The yard was huge, it had a large very damaged big house, and junky tiny house, maybe 400 square feet, and a decent 2 car garage.

This is related to the reason we always check out a prospective tenant's car when they come to view our unit - if they keep their car clean, they typically keep their home clean.

Do any of you landlords allow car washing (tenants responsible for all utilities) and minor car maintenance on your properties?