I have recently considered refinancing out of my FHA down to a 15 year fixed which would equate to what I currently pay for my 30 year FHA along with my home improvement loan.

Is there a potential for improvements allowing the future owner to raise rents???

It would seem to be in everyone's best interest in the industry to have reasonable standards for illustrating expected performance on rental real estate.

Basic steps to improving overall cash flow fall into 2 categories: Either increase income or decrease expenses.

I have known many investors who have tried to offer every type of service possible to entice tenants, but it does not necessarily improve performance of a tenant on a property.

I also am aware that this may require some improvements, which eventually I would like to do anyway.

A slight improvement might be possible, no more than a few percent per year.

If you improve on those terms in some way (e.g., less down), you will take a hit in some other way.Be careful not to accept what seems like a big improvement but leaves you holding the bag in some other way.

I get it all the time.Unrealistic buyers looking for a pipe dream.They go to the bottom of the my stack.There is a huge difference between a buyer wanting a great deal and being able to perform quickly than pie in the sky stuff.Every one in a few thousand you will find that type of deal.In that case I will buy for myself or lock up the deal to assign to another buyer for a fee.I have direct contacts for my business.

I've been looking through the REO posts trying to improve my understanding of the REO process.