I bought gold around $950, and I believe it still has legs with QE ad infinitum always around the corner.

But, I think I got a qualified buyer from their ad in the paper.

Once you start adding in the extra costs and time spent, the higher return doesn't look as good, IMHO.To answer the OP's question, for a SFH, in my market I can get $900/month with all in cost of around $40k.

However, the heated and gross square footage and number of rooms on the appraiser's website matches the information in the MLS ad, so I assume the county at least knows about this conversion, although I can find no proof that it was ever permitted.Has anyone here ever had any electrical or safety issues with tenants after buying one of these conversions?

I just added a shortlink for BiggerPockets over on G+ . . . should make it easier to remember, for those of you who are regulars: gplus.to/biggerpocketsIf you're not already on G+, I strongly recommend it.

The buyer must show the option assignment fee as an expense of acquisition of the property, it is added to the buyer's basis just as other expenses may be in buying the property.This go between BS is facilitating a lease, if it does close, you're facilitating a sale, do you have a RE license?

You can always get a copy of the title binder at closing and have the title company "mark it up" (initial the elimination of exceptions that will be taken care of out of the closing - ie. satisfying liens, taxes, survey exception, mechanic's liens, etc.)

Classified Ads in Newspapers – local paper, Pennysavers and local real estate publications (“For Sale by Owner”.)2.

In each case a simple consistent policy helped mitigate or eliminate a legal proceeding.

You set up a JV, file for a D/B/A, set up the account, and dump the money in it.