I'm from just outside Atlanta, GA, where right now there is almost no water and a lot of forclosures.

Being a landlord in both countries I have directly compared the two.

The $250.00 deductable I have to pay is peanuts compared to the amount it cost if you have an accident.Lefty

Currently, we're pre-qualified with a lender to purchase investment properties.I believe the biggest lesson I have to learn is determining the cash flow potential of properties by comparing sales price and against gross rents - the 2% rule as I've read.

The water heater is new, and the furnace is older but my father (a contracor and also a landlord) inspected it and said it should last at least a few years.He is asking $31,900.

This will tell you how bad the property truely is, compared to what it used to be.

If prices are still rapidly appreciating in your area, then consider the cost of holding over the winter as compared to the better expected price in the spring and the risk that prices will drop.Good Luck,Mike

mtg/tax 400.00 insurance/water 50.00property #2 40,000 rent 500 nothing included.

Something that causes them to work harder when things are tough compared to just walking away with no personal loss.If they can get a new 1st and you take a second then you will likely have more cash at closing.

It is a bit of a pain figuring out the comparables if you can not see what has sold.LoopNet is a solution in the commercial space.