Wait until all this "bailout" spending really starts to snowball.

., after you verify the rents and the major operating expenses like taxes and insurance, and apply your own experience about the typical costs to maintain and the amount you need to allow for potential vacancy), you decided that these properties are being offered at something closer to a 5% cap rate.Before you spend any more time or effort considering these properties, you know that, at their asking prices, they are not worthy competitors for your investment dollar.

There's nothing decent at any of these western areas (that you'd want to spend a night in) for under about $275K.

Just wanted to update this thread:The offer mentioned was extended through December 31 (was originally just the first week of Dec).Regarding the fees: It's the normal $149 service fee that is waived.

So let’s say you buy this $70K home with Hard Money Financing and put down $10K and the lender puts a note on the property for $60K and then you rehabbed the property spending $30K.

And if you spend the 5K..

I read on here about everyone over extending themselves, in hopes that when they get their property ready for market, first they can get the value that they hope out of it, and second that they can sell the property in a relatively short time.

I visited the property every weekend and I ended up spending at least double of what I thought it needed.

The confines of sensible business even extend to oil "rich" markets.

K. it but after I’d just found out from one of the previous post here that we shouldn’t accept partial rent due to the delayed eviction timing issue, so instead I’ll tell her tomorrow I’ll give her a 3 day pay or quit notice on the 10th for the entire portion of the rent plus its late fee to just follow the procedure.She’d also told me that she’d her brother and sis-in-law moved in due to her brother is having cancer (terminal with 3 months remain); sis-in-law no longer have a job; for the reason she wants to spend the remaining time with him.