Even if your unit is amazing quality renters might not want to be there because of the other buildings or other landlords are dropping rent fast rather than updating the buildings.Pro for bigger complexYou can scale the business effectively.You can control the whole look and feel of the development and tenant base and not be as affected by outside forces with your investment.If you by a large enough size you can employ a full time property manager and maintenance person so you can truly be hands off and passive.Cons- Harder to sell - I disagree with this as typically house investors or little duplex etc. is a different buyer base than a larger apartment building.For example I have a large buyer base of multifamily buildings because that is what I focus on.

I still use the old fashioned tenant mails or drops off their rent.

here's a queston I have most people are probably wondering:Is this person's purchase cost basis the price she bought as a homeowner or the cost when they began to rent it out.As we all know, the values have been dropping so to consider the cost basis at the time of renting sounds absurd to me.

:)But, there are often intermediate steps you can take to avoid dropping your price unnecessarily.

My CPA tells me that I can't write off the interest on the condo in MI, until either I sell it or our annual salary drops below 150k.

THis also matches news saying rents are dropping in vegas and phoenix.I'm kind of worrying with Atlanta being the next market where hedge funds rushed in do you think there can be backward movement in rent due to increase in supply for rental properties?

Because it’s been X years since a peak or drop, doesn’t mean this will repeat and is not something that can be relied upon.

It's easy to use (drag and drop), and it's FREE.

They do want skin in the game (in my case 13K) and a lot of their fees are due at closing and are not wrapped up into the loan (11K).There have to be different examples of using hard money, this is based on what I was presented for a flip opportunity but I thought it might give you a rough idea of the hard money aspect, especially for newbies (my rate was higher because it was my first deal with them but they said it would drop after two deals 14% to 10%).Hope this helps and I'm sure others have better examples.

Okay, I have a favorite college bar/eatery I drop by once a week, the girls that work there know me well and we have fun with the guys that hit on them.Lots of stories there, butOne of my favorites, when they have a band, I'll stand outside the door like I'm the door checker/bouncer guy (yes, I'm big enough) the girls walk up and I say hi ladies I need to see you IDs.