hate to give this place up because it's a one of a kind property in a very desirable area and I'm thinking it could do well as a VRBO.In a nutshell, it's a 4 Bed, 3 Bath home on a little over 2 acres with:Indoor Pool and Spa with Retractable Roof.Separate but connected Diner / Malt Shop with Fridge, TV and Stereo.Huge Game Room off said Diner.The Game Room is actually a oversize 4 car garage, but it's fully finished, fully insulated, has it's own central heat and air and a full bathroom.Prior owner used this portion of the garages as a showroom for his car collection, we use it as a huge Gameroom.This gameroom has a 65" HD TV, Stereo system, Regulation Pool Table, Professional Quality Fooseball Table, Professional Quality Ping Pong Table and a low end Air Hockey table in it.House also has a 3 car attached garage and 4 more garage bays in addition to the 4 bay garage area we use as a gameroom.There is also a horse barn on the property, but we use that just for storage.Home is near major highways, major shopping, dining, entertainment etc. in the city of Lucas which is North of Dallas.I've seen VRBO homes in Allen that are in the mid to upper 100's per night that look like they are doing fine - I'm basing that on pulling up their calendar and seeing the days they have booked into the future.

Am interested in developing a solid rental portfolio with good ROI and potential for mid/long term capital growth...possibly in Atlanta.

There are some homes that are selling in the mid 50's and up as recent as two weeks ago. 4 bed, 3 bath, 2,013 sq ft in a good area just sold for $56,000.We also have 2 bed, 2 bath condos selling for anywhere from $20,000 to $50,000 depending on the area.

Arriving mid-day on Thursday and departing mid-day on Monday.

OTOH, if they sold in the mid 2000's at the height of the bubble, they wisely took advantage of that situation.

Chances are very high that one or more of them will move out mid-lease and then how are the others going to make rent?

This would be at the mid-range of our ARV.

The mid level and top level programs were supposed to give you more in depth training on finding deals, money, flipping, etc.  

I would make a quick guess about the ARV, multiply it by 65%, and subtract $30k for rehab, which is a number I pulled out of mid-air.I need to make a point to visit properties regardless of whether or not they are deals, just in order to get some practice.

Aluminum wiring was used in the the 60's (mid I think) to either early or mid 70's.