SFRs are priced based on comparable sales, and are strongly tied to demand and the ability of people to buy them.

So if the budgeted or actual expenses for the year were at $4.95 per sf, the tenant would be responsible for $1.20 per sf or $0.10 per sf per month.If you are an out-of-area investor and do not invest the time to monitor your investment property, you are going to lose in the long run and may lose in the short term.Reason being, even if the property is a Net lease, whether it is single, double or triple net, who is to say that tenant will actualy maintain the property to the same standard that you desire.Secondly, most tenants are not in the real estate business and as such, depend on either the owner personally or his property manager to take care of the issues relating to the ongoing maintenance of the property.Who are you going to call at 2 am in the morning when someone finds water all over the floors and flowing into the streets?

At one time, I had the largest lawn mover, weed whacker, shovel, water hose, and wheel barrow collection on the West Coast!

That's what I did the first time I had to replace a hot water heater.

If you compare the $2425/month income vs. the $425,000 you think its worth, then this is a terrible deal as a rental.

The HOA can making renting very difficult.But don't you think there can be advantageous such as low maintenance and possibly better quality tenants when comparing a house at similar value?

When i went to a ted thomas coarse, he had water bottles, nice gift wraped envelopes (looked like a little present sort of), pencil cases, tubes with papers in them and something that rattled when shaked...

A long term rent to own term might look favorable to them if they are comparing that to continuing as a landlord, or losing the property to foreclosure if they are behind in payments.

We just spent weeks trying to diagnose why a new hot water Pressure Relief Value leaked over time.

I have been informed by a tenant that the ceiling was dripping water last night (after a long rain) so i suspect that I have a roof leak.