Jeremy you have an extremely lofty idea here.

Apparently, it's common practice in LV.Anyone else have this issue or this is just an isolated incident.

Here is a summary:1 Most common.

That makes you yeild (cash on cash return is the more common term here) more like 8.5%.So, what's missing.

I've seen places out here that essentially rent out rooms and have a common kitchen/bathroom.

The reason you are getting what seems to be a lot of misinformation is that this is an extremely complicated subject and the advice you receive depends on a number of circumstances that are unique to you and what you are trying to do.

Deed restrictions on rentals are very common and a real double-edged sword...no restrictions are great for investors until nobody can get a loan in the complex thus driving down values.

I hear these commonly referred to as the NEFF "Not even for free" homes because rehab/taxes cost more than they would sell for.

The house was renting for $800 when I bought it and now it doesn’t rent for $500.The worst part is that the fire insurance is $900, extremely high for a house worth $25K.

Semi- common around here and I have not heard any horror stories.