-----"What I wanted u guys to figure out is this: Find the sweet spot/range for the best ROI in % for the following: Property value between 125k to 350kmortgage rate between 6 to 8.5%rental income is 10 to 12% a year of the total value of the propertyproperty tax is 2%management fee is between 25 cents to 45 cents per sq ft.property size realistically will be around 600 to 900 sq ft for this price range.

:crazed: I know it seems crazy to you now, but if you stick with it there will be a day when buying a house is like buying a pack of gum at the convenient store.

Yea that totally stinks, literally.

will need some renovation I know this is vague and a property has to be looked at so a guesstumation (my made up word, meaning I guess the price could be...smile) would be appreciated.This is the property:Size24,000Price0TypeDevelopmentlocation NYCDescription24,000 SF Development Site (240' X 100'), Includes Loft Warehouse, 80' X 100' Vacant Lot & 3 Townhouses, Total Buildings Size 46,010 SF, R6 Zoning, $30,086 Taxes.

You can have no security and no guarantees or you can have Total security, experience, service and guarantees.

I have some real estate knowledge in the area of commercial and residential so I not a total novice.

Purchase price 45K, rehab/holding/closing totaled 13K, all in at 58K.

Even then, the cities are starting to crack down on the total number of non-related persons that can occupy a property.

In my area I'm seeing signs written sometimes by hand, sometimes "professionally" done, that says, "Buy a home with only $500 total out of pocket!

Now if I went to somewhere like Merced, California, there are numerous foreclosures and a large drop in house values--totally different markets.