My fiancé and I are looking to build a stamped concrete patio in our backyard as well as excavate the current patio.  We also need sidewalk work done for the city by June 12th.... does anyone have a concrete guy who i...

There was a podcast a while back, sorry cant remember the number, that covered mobile home parks and I believe the interviewee stated that he dabbled in storage yards as well.

Number of beds/baths, acreage, sufficient room for parking, quality of neighborhood, signs of construction in surrounding area, and many more factors.Something I have enjoyed doing while starting out, is rather than driving around to every house on the MLS...take a quick look at the property on Google Street View and run hypothetical numbers on the projected performance of the investment.

Basics of the deal:Asking $750,000 with seller to owner finance with $25,000 depositGross income - $111,000Taxes - will be 3.7% of actual sales priceInsurance - $7,000Utilities are $7500 Assuming 5% vacancy rate and 10% repairs (property has had recent maintenance work and new roof and parking lot and nothing that appears imminent)Assuming 7% property management (which is average for our area) although we will self-manage at first although I know that we need to consider it in our analysisThe numbers don't work at their asking price.We'd like to offer $625,000 at 6.5% interest for 30 years, balloon after 20 yearsThe cash on cash return without the property management is 27% but with the property management, there is potential for negative cash flow in years with high vacancy and repairs.

If you don't have previous construction history, don't try to ball-park the quote.

Welcome to BP from Orland Park @Jeffrey Turner!

Since you are in DC I suggest looking in some of the west side neighborhoods like Gwynn Oak, Forest Park, or Howard Park.  

I learned a lot and, hey, received free priority parking.

Outside of fed hill and roland park.

My friend is moving to University Park, Pennsylvania 16802 to go to Penn State, he'll be there for about the next 4 years.