If you were to look at the house from the street it would like like a regular house.

There are many homes in certain parts of town that might produce a greater return for my investment because the homes themselves are not too expensive.

I was unable to work in 2005 & 2006, so I cannot produce W2s for the last two years.

This could either be due to the regular payment, additional principal payments, or both.

You can use regular 3-prong receptacles and replace the breaker with a GFCI, as long as the receptacles have the markings required above.

Meanwhile my market has produced a fantastic buying situation, but I am terrified.

I'm a music producer/engineer/songwriter (a successful one, thankfully :mrgreen:) , getting into REI as a source of supplemental income, although the more I learn about it, the more time I'm interested in investing in it, so who knows, maybe one day the percentages will be reversed...

Quit this cuick claim crap.Do a regular warranty deed / grant deed (California) where builder creates a seller financed mortgage in first possition....Now you hold the title and builder has a lien on the property.... and you have loan to pay off :)

I'm aware you need to factor in vacancies, maintenance, etc. but I'm suprissed to hear 50%.I thought the general rule was a rental property should produce at least .8% gross rental income.

It could be to produce income.