Of course, they vary by situation, but these are close approximate.6% Realtor costs on the resale after fix2% closing costs (buy/sell)5% finance and holding cots13% net pre-tax profit 4% fudge factor, misc---------------30%In hot markets like Phoenix, some buyers will take up to 75% less repairs... because it's so competitive.  

Being your in MA it gets colder there more months of the year then hot so the smokers likely will just smoke indoors or leave the door cracked than be cold with their habit outside.The heavy smoke will do a bunch of damage to your unit over time.

Andy,It needs 1 new furnace, 1 hot water tank, and some minor cosmetic touchups but these could be done at the end of one of the leases.

I own rentals with pools in hot and sunny Arizona, and they are big headaches.

My friends sit around and smoke cigars with me and we ***** about living in Cook County when free America is 30 minutes away and they ***** about their job at JP Morgan Chase and I ***** about no profit in contracting and we both ***** about how we're not getting enough cashflow and they ***** about how their Logan Square condos that aren't performing and then we ***** about the new Bond theme song that isn't as good as the one from Casino Royale and then we see a hot girl walk by and then we ***** about why hot girls congregate in blue states and then we talk about guns.

All you need is come off the box with two legs of hot and the neutral plus a ground.you DONT convert the whole house to 220,,ALL the circuits, just what he needs it for and then there is an outlet box,,,like a dryer has so NO need to remove it,,its an asset to sell some day.

When the market is hot, I can raise my rents.

There are still lots of foreclosures but at least as a trend it isn't surprising considering how hot the RE market in general is.

Pro-tip:Accountants are hot !

There are some really hot areas for RE investing other than Denver.