I wouldn't have hesitated a bit if it wasn't literally across the street, I can think of few advantages but I'm not so sure it's such a great idea after talking to few people about it...I'd like the perspectives of BP member and see if anyone been in a similar situation?

Similar visibility through other credible channels would cost many times as much.Of course some people will be disappointed, but in order for us to continue forward, this is a necessary step.

But I need to have a more realistic opinion of what houses in one neighborhood rent for vs a similar neighborhood across town.

We painted ($1000) and will replace the carpet before the new tenants move in.However, after 100 calls, 3 price reductions and over 30 visitors, no applications yet.The house does not have a basement in a state where most houses have basements.However, it's:1. clean2. similar size to other houses3. great yard4. has 2.5 garage5. no dishwasher6. some landscaping in the front from the previous renters.7. fireplacei am at a loss on why we are having trouble getting applicants to show up.

Personally, everything I have boils down to a structured controlled economic re-positioning, similar to the great land grab of the great depression.

The scenario that is in my mind is similar to this.

I'm looking to do something very similar now that money seems to be flowing back into RE investing again and I have a very good track record.

I suspect we're not the only commercial property that's in a similar position, which may be a buying opportunity.About 30% was put down

...I would imagine that many BP landlords are getting Section 8 rent, where the voucher amount and the allowances for utilties by the housing authority end up setting the rent received by the landlord.For your existing tenants, you could probably get away with the bigger increases - if their income was keeping up and other rental units in the area also went up similarly.

I'm in a similar situation where one roommate is moving out (unexpectedly) of my rental.