I have a friend who owns a few houses he rents out. 2 Weeks ago the renters young 17 year old girl left the iron on the bed..the iron caught the bedroom on fire.

Tenants only share in this favorable treatment indirectly and thus it isn’t an easy thing to measure in the presence of a competitive market.

single family home........ tenant occupied3 BED 1 BATHSQFT 1,240ARV - $77,000LOAN AMOUNT $54,000ASKING - $75,000NO REPAIRSSELLER DOES NOT WANT TO DO SUB 2 OR LEASE OPTIONWANTS CASH........

Any suggestions would be greatly appreciated.Here's the deal:It is an REO, new on the market - asking price - $29,900 for a 2 Bed 1 Bath condo, rents are $650-$750 ARV $42,000-$44,000 The bank wants a pre-approval letter and proof of funds letter with any offer sheetIt needs carpet, paint and appliances.

To get use to it, I suggest you start going to bed a 9:00 pm, awaking at 4:00 am and just get up because you won't be able to go back to sleep.

And it's build is very similar with bed/bath and square footage.

They don't get out of bed for less than 10K which is pretty high on a property worth 50K.

Make sure they are acceptable, within one mile to three miles, don't forget style of the home in addition to sq. ft and the usuall bed/bath count.

I am renovating my 2 bed 1 bath, 800 SQFT condo. 

Comparable means same beds, baths, garage, approximate size, style, construction, etc.