Also there really needs to be some sort of advertising for this website because it is so hard to find.

I just spoke with the number of banks and everyone is saying "No Go" so far.They said since the price of my investment property is so low($50000)this will mean that I will be able to only take max of $30000.

Seems the South Florida market is so heated I either face a bidding war the first day a property goes on the MLS, or I end up getting the short end of a stick making bids on properties where the listing agent already has an inside buyer.I need to look for other ways to find properties, so I am going to give foreclosure auction a try.There is one property, which was a short sale, one I was interested in, but went under contract while I was doing my home work...and now apparently the SS fell through as I noticed it's off the market and there is an auction for it on 9/18.

There is so much to learn about REI.

Let me answer from a Property Manager's perspective: There is so much more involved than just collecting rent online and making a phone call to the handyman.There is a lot of bookkeeping involved in collecting rent, due to the dept. of real estate regulations, as well as making the correct deductions from the rent and processing a check for you.We take all kinds of calls from tenants that you probably never hear about: They call to explain why their rent will be late, questions about moving people in, calls about someone moving out, calls about questions on their lease, the landscaping, ants they found on the counter, you name it, they are calling all the time.We also do frequent drive-bys of the property to make sure everything looks ok: landscaping, not too many cars, trash, whatever out front.

I have to say, there is so much information on this site, it is a bit overwhelming, but I just got to take it one step at a time and work through the info.

Ohio was not our favorite place to do business and we were liquidating our holdings there anyway, but licensing is so grey in so many States that we are very, very careful.

But, that is so far out and unlikely, I can't believe I could even come up with that.IMO, you really need to stop reading the county indexes and docs and get a title company to tell you their take.

Is it a big deal to bug the tenant to repair or the fix is so major, I can just do it when they move out?

low-mod housing may well be a tax credit program, so the land is already defined for the project and I doubt the developer will pick up more in that project, but may take it for another project. o may other investors, so now may be a good time to sell.Don't know what your property is so I can say it's a plus or minus.Biggest issue will be population concentration which leads to parking issues, additional traffic, and where there are more people there will be more personalities to cope with, crime could be an issue.Any objections may fall on deaf ears if the city has already signed off on a Sec 42 project largely depends on politics and the meeting is a requirement under such programs but it really is a formality.....however there could be a chance if all neighbors object...just depends.I'd ask what the % of low income and mod income will be, 20/80, 50/50 as that will indicate who is moving in.A nice project, regardless of who is in there almost, that is well managed can be a big plus.