Purchase price: $515,000 Cash invested: $128,750 Textbook quadplex buy and hold right outside the DFW metro. 2 story brick building with 4 identical 2 bed 1.5 bath units.

I don't know how long it can last though as it is the sort of channel that once to many people start doing the whole channel will become ineffective.

I want to start searching for properties to make offers, but I need to know how to estimate repair costs.

If I’m increasing rent or extending lease term, I send a lease addendum that rent is increased to $x per month starting x date and/or term extended through certain date, along with a letter stating see addendum for review and signature and that if tenant does not sign and return addendum to me by a certain date, then this letter is my notice to vacate by end of current lease term.

I looking at MFP to start investing and wanted to see if anyone had any experience or knowledge about Chichester (Boothwyn), Sharon Hill (SE Delco) and Darby/Upper Darby. 

I've been involved in the construction field for over 30 years and started my own construction company in 2008 when I also started flipping houses. 8 years ago I sold the construction company and began buying and holding long term rentals.

Thanks Hey Paul,It depends on who you are trying to appeal to.For example we did yard signs for rent to own properties we had and at the time (we were just starting out), we hand wrote "Rent-To-Own - Call ###-###-####" on them and they worked sufficiently. 

Consequently, new homes in these locations start at $550,000.

Start sending your sesume to all the big commercial PMCs in your area.You could also try residential PMCs, but they typically pay less.

The catch is, her job dictates where we land, so I'm unsure of the exact market yet.That being said, I have two main goals:Get started with my first few deals: Ideally, I'd like to invest locally (whichever US city we end up in).