@Zane BiggsYou might want to check out the website, Khan Academy, under the subject of "Renting vs. buying", the buyrent.xls file can be downloaded from the "questions" section.

For example I have formed in Maryland where I'm a resident and on average it costs about $350 to have someone like IncFile register plus I'll need to pay the state $300 annually to keep it active plus money for a registered agent.

Reversion Cap Rate: Still basing my criteria on the historical averages of a particular sub-market.

Real estate investing is a pretty forgiving world and the average person can still make money even with some pretty big mistakes.

They pay between 4.5% and 6.7% on equity, with an average of 5.4%.

That is saying your tenants will stay an average of 25 months. 4/100=1/25.

If you're into rehab work, you'll be able to broaden your scope on a lot of properties.Other areas that I have heard were interesting is San Antonio, Kansas City, Phoenix, Dallas, and Little Rock.You'll want to look at job growth, appreciation, cash flow, average DOM, would be some indicators to look for.It's going to be difficult in a competitive market to buy on a loan because you'll be against a lot of cash offers.

The average rent is around $1300 for the area.

Ignore their averages. 

I live around there.Spruce Pine has all your average stuff available - Ingles grocery store, a bunch of fast food and small independent restaurants, a Walmart.