Remember there are variable expenses such as vacancy rates, repair rates and management fees so when someone tells you an ROI make sure your comparing apples to apples meaning create a formula you're comfortable with and then run all of your prospective properties through your equation.

My wife has a pretty good job and aa great boss that has been very considerate of my situation.The math anaysis side of investing is very important and must be done before all offers as well as looking at the prospective property or at least have a clause in the sales contract that allows you the time (about 10 days) to make a detailed inspection and possibly back out of the deal without a penalty that would hurt to lose.  

Pre-2000's it was a much easier prospect, i.e. - tenant's rent covered property taxes and a good portion of mortgage.

If your schedule permit, would you be willing to connect with me in the near future?

I use Insightly to manage my contacts and plan out/track prospecting.

Speaking with relation to my personal residence....I thought interest only loans were terrific until the housing crash when I found out I actually owed more than what the house was worth limiting my options (including relocation for job prospects).These days, I don't touch them.

Third, the permits cost developer a fortune on new development.

Also, keep in mind that prospective renters value walkability and access to public transportation.

Put a sign in the yard and list your rental on the free sites and include your rental criteria, so prospects can pre-screen themselves.If you have any questions, please don't hesitate to ask.

He worked with an architect to get renderings drawn up, permits submitted & approved.