I am currently working on a home in Oakland in the Laurel neighborhood, so I spend a lot of time in Oakland these days.

This I learned from the competition in Atlanta - the advantage of being the first offer in hand with excellent terms.Meanwhile, I had about a week before closing to perfect my budget and timeline while walking hordes of contractors through the house - bless my agent's heart - plumbers, electricians, roofers, painters, HVAC installers... at one point there were so many contractor vans and trucks that we stopped up the street.

Each property tab can track rent contact information, lease terms, payments, work orders, etc.I see far too many spending way too much time and money on software solutions when they don't even have a problem yet!

There is a lot to be gained in this township and it requires good analytics of where you spend your money.

Should close by the end of the month.The Numbers-Sale price: 75kLoan: 80k (closing costs financed)Rent: 775Taxes: 74Mortgage: 388Insurance: 66Maintenance/Repairs: 38Property management (11%): 79CAPEX: 60 (relatively new big ticket items)Cash Flow (self managed): 94I'll have roughly $700 to put towards closing costs and $900 to spend on appliances.

Here is an example using the numbers for one of our average deals this past year.Purchase price 62kRehab, holding costs, closing costs 19kAll in 81kARV 90kBank Loan 67,5002nd position investor 10,000.We sold property for 99,900 on a 5 year option with an option fee of 3900.Our total into the property about 2,000.Rent 895Bank loan 434Taxes and Insurance 81Services 34Maintenance 0 (The property is renovated and the tenant is in charge of fixes)Vacancy 0 (The tenant has a 5 year lease with option to buy)Cash flow to investor 92Cash flow to us 254We don't budget for maintenance or vacancy because we use the lease option model and if the tenant does break the lease early we will just fix up the property with our own money and we will replace the money used with the new option fee from a new lease option tenant.  

I know Baltimore is appealing due to the upturn of the market there but I was also curious about other markets that could be a sleeper but still has the low budget appeal like Baltimore has.

Well, to start with you should not equate enjoying yourself with spending money. 

He is spending $26k.

Hello I am interested in purchasing a house/ condo/ townhouse ($100,000-160,000 budget) to serve as short term rental property (i.e.