You want to be in the real estate business for sure.Have your kids do the laundry, wash the cars, mow the lawns(where you maintain a home office) etc.

Is there a way to do it and maintain seasoning in order to not have to justify to FHA the over 20% profit?

I don't use square footage or anything like that, but I break things down more than the 50% rule, as follows:-Maintenance and repairs: 20%-Vacancy, advertising, turnover: 10%-Property Management: 6%-Use actual taxes from country records, estimate insurance costs.Exceptions to this are as follows:- If the property was built within the last 20 years and appears to be in good condition/well maintained I will use 18% for maintenance.- If the property appears to be in excellent condition/very well maintained regardless of when it was built I will use 18% for maintenance.- If the property was a foreclosure or seems to have been poorly maintained, I will use 22% for maintenance.These are not scientific at all.

LP: 90,000 RealQuest Value: 139,000 2008 Property Tax: $647 (according to zillow) Year Built:1953 9 br 3 ba 2,518 sqft This home $ per sq ft: $77 Comps avg $ per sq ft: $109 All Brick Days on Zillow: 177 Days on Trulia: 180+ Avg. sales price for homes in area: $253,933 (trulia) General appearance: Run-down, not maintained, will probably need a complete overhaul.

In an effort to give back and help my friends and colleagues who were struggling, as well as the inordinate amount of other investors contacting me, we created a program with which they could work with us in our system as Independent Investor Partners (this was done to allow them to remain independent, maintain their egos, desired schedules and hours).

They are scored on their work and may not get more BPOs from the clearing house if they do not maintain a certain score.What can you do about this?

You would still be able to contact your mentor for advice for a situation that you find that was not covered if you maintain your relationship.

Having a well maintained rental will outshine the dishwasher.

Some questions worth asking:Does the company maintain a list of dog breeds ineligible for insurance coverage?

It is a small neighborhood, 99 homes and that surely helps.The HOA here maintains the pool, tennis courts and common areas.