If you are not counting on that $198 and could handle months with vacancy and other unexpected expenses then it is probably a good idea.

You are getting bad mortgage advice.Find a mortgage broker who handles loans for investors.

Thats the way a specialist handles business, just like the 30 mill dollar deal closing tomoorrow that came to me because I am the hard money specialist!!

I'll let the more seasoned investors handle most of your questions.

Some people only use a property manager to handle the financial accounting of their properties, while others turn their properties over to the manager entirely.As for cost, many do take a percentage of total rent, while other charge a flat rate based on the type of property.

I will say that because of all the "credit crunch" talk the regulators are wanting my bankers to reduce from 80% to 75% LTV.

I guess the ex-wife handled all of the financial affairs.

Seach for Realtytrac on this site and you will see what some others have shared about their experiences with the service.If you really want to know what is going on locally find the agents who handle the bulk of the REOs in the local area.

Buyers are all on the fence because they are waiting for homes to be reduced once again.

The more you educate the customer the more you reduce the risk they feel they are taking so they move forward.A compromise if you can not publish a book in the newspaper classified section is to offer a free report.