The thinking is that you need to be made whole, indemnified for the loss of rents, if you don't advertise it and simply expect them to pay for an empty unit, most judges won't go there, they also won't allow you to raise the new rents and not rent it expecting the old lease to cover your loss while attempting to increase your rents.2.

As a young entrepreneur that would consider managing other's properties I'm curious as well.Great thread Can't wait to hear everyone's responsemark, as we learned in the other thread, you don't get these items for just the 8-10%...they'll usually take 1/2 of first month's when leasing, and they mark up maintence/repairs...so i wouldn't include that in the 8-10%....for 8-10%, you should get communcation, advertising, collecting rents, and answering service calls...for additional money they will mark up these repairs...

Gross rental income: 5,800 monthly and 69,600 yearly.Expenses:•Property Taxes : 8,000 ------ use the highest number•Insurance : 4,000 ----------- use the highest number•Maintenance ----------5,000•Management @ 6% of rent -------------------------------- $3,456•Advertising (to advertise for tenants) --------------------- $ 500•Utilities ------------------------------------------------------ $pay by tenants•Other (anything else we may have missed above) ------ $1,000 Total: 16,956NOI69,600 – 16,956 = 52,644Cash Flow52,644-42,036 = 10,608Cash-on-Cash Return10,608 /104,000 = 10.2%The investor makes $ 10,608 yearly for at least 5 years plus the original investment at the end.

Ethan,Please post your "cash solution" here so that others may benefit, unless of course you're just advertising something that is.

Or this challenge will force you to spend more time and effort on advertising and searching for potential customers?

if financed, good luckis the current owner advertising heavily?

Are you saying you will never have an eviction, never have advertising costs, or never have to purchase office supplies or pay accounting fees?

Or have another broker I know advertise these notes for sale at full face value?

What percentage of houses are sold through neighborhood advertising, ie, flyers and postcards?

Even if it does, there probably will be a ban on any general solicitation and advertising.