Although things could be a little different for me in the Midwest I do this same thing with a cheap rate and monthly discounts and my income is 1.5-2 times the amount I would normally get renting the units out long term.

The MLS is a great place to start but finding off-market deals is the best way to get a discounted price.

IRR is looking at all those cash flows paid back to you (these could include distributions from operations, refis modeled, and sale proceeds), and calculates the discount rate to bring the net investment to zero.  

When I lined up my PM, I got a file (large one) on every area they PM in, that showed me the rental comps broken down on a map (critical...zip codes alone are useless) for different sizes of properties. 

Do not discount the benefit of appreciation. 

I'm working through Portland's guidelines and code for converting a detached garage.

I would like to change that because my number is not a local area code, and I am not able to answer the phone during the day as I work a 9-5.

In my town right now you would just need to go back to the office you got the permit from which would be code enforcement and fill out a new permit and maybe pay another fee or they might apply the first fee.

I am on the zoning board in Media and would recommend talking with the code enforcement department to see if they will offer any names of the usual attorneys they see at their zoning board meetings.

Hi all,I have an opportunity to buy 5 off-market properties at the same time from my real estate agent’s dad (with a discount).