You would likely be very upset if renters damaged the improvements you made and if you rent it longer than the 2-in-5-year condition for the tax-free gains, you'll end up paying taxes on the large profit when you do sell.

If you were going to put a rule of thumb to work I would say it is probably going to be hard to make competitive returns on your investment in such a high priced market.

It was in MS so no air conditioning = house is a furnace.

Do you sign a lease with the applicant conditional on Section 8 approval?

Commercial lending has become much more competitive.

What was the condition of the sold properties at 32k??

Paint Scentsations produces a pleasant subtle scent that lasts for approximately 3 months depending on environmental conditions..

Other auctions are conveyed by grant deed or warranty deed, and those carry less risk, so again, study the terms and conditions of the auction.You will most likely be buying the property AS IS with no warranties as to condition, code violations, etc, and in some cases the properties are occupied by tenants or former owners and it will be your responsibility to evict them.

Property managers want the property to be in pretty good condition to get top rent in good areas.

In the end it seemed like it was a better approach to invest where it was easier to manage and take the profit and rent a place where and when I wanted.There is just too much competition to purchase property there.