The whole premise is to advertise it really low to attract a large pool of buyers and then they bid up from there.

I don't know how much I could get for rent; $950 on the low end, perhaps as much as $1200 on the high end.

Not to "knock" Tom's business, but bying in the lower end areas will produce low future appreciation.

I do not buy properties in war zones.If you're simply talking about a low income area, that's a different story.

In low income rentals, if the wood floors are in good enough shape, I paint them with floor paint from Lowes (Valspar -Brownstone).

With a conservative 50% for expenses, it looks like this:Rent: $450Expenses:$225NOI: $225Payment: $183cash flow: $42Total cash invested: $5700 (include orig fee and closing costs)Cash-on-cash return: 8.9%That's too low, IMHO, for high risk, high hassle investments like real estate.OTHO, you're using a down payment and a 15 year note.

If someone lives in a locale which has low rates this is going to drive down the expense ratio vs a high rate locale.I have seen some people on here state they never pay more than 50% market value for properties.

I do have buyers, low end and high end, also but everyone is sitting on the fence right now.

R.E. is stressfull the highs and lows of one day thinking your getting a check for tens of thousands to ten min. later no chance of anything untill you put another deal together.

In the current low-yield environment here, it is clearly cheaper every month to rent rather than buy.