Subtract your costs from your rent, and you have Net Operating Income (NOI). 4.

Those are great, but are they renovations that will decrease your operating expenses?

For 60-100 local foreclosures a month, it takes about a full day, maybe a day and a half, to do all the research required.The bigger time issue is actually tracking the owners down.

The idea of hooking up with this other guy was to better handle the leftovers.The broker evaluates the borrower's credit and track record, gets the appraisal done and does all the paperwork with the title company.

You should try to track down such a group because they will know your local laws and situation.Have you spoken with a few realtors about selling your house?

If the investor puts the down payment into the LLC at formation, you can buy the property directly with the LLC (bank will require personal guarantees) and that gives you *some* liability protection, voting control over daily operations, and saves a step over the above process.

And they are limited in what they can do since the overwhelming majority of subprime debt is securitized and the servicer must operate within the guidelines of the sale and servicing agreement.I agree if the loans are part of an institution's wholly owned portfolio it might make sense to carte blanche modify mortgage terms across the landscape.

I read the 4 hour work week.. its pretty much what everyone is saying.. the author gives some great tips on how to streamline your operations to stop wasting time, and give a lot of info on how to get 'effective' outsourcing partners.

It is possible to cobble together your own "record" feature but not simple, integrated, or reliable.I was thinking of the GrandCentral just for operating the phone number, not the business phone system per se.

A few questions I have in evaluating the profitability of rental property:1) When we're talking about single family homes, how much should I generally assume for maintenance and operating expense?