Then check to see how it compares to other properties in the same area and determine whether on not it's a good deal.When starting out in real estate I recommend liquidity.

Actually, I think I compared them to a friend who tried to teach me to play cribbage.

ie=UTF8&tag=theweafor-20&linkCode=as2&camp=1789&creative=9325&creativeASIN=0945466447Murray was the foremost "free market" economist in the world prior to his death in 1996 -- he was a peer and friend of Greenspan before Greenspan went over to the "dark side."

If your example house rents for $3000 (as shown by comparable rentals in the area) then multiply by 50 to come up with the max you should pay to see positive cash flow.

Maybe a little late and extending a welcome but just the same, welcome.Have you found much cross over between you prior work and the REI focus?

I think prices will eventually increase but I am not sure if they will reach the levels that they were prior to the foreclosure crisis.

The net result is a very low return on investment.If I compare it to property I own in Dayt0n Ohio where I can be all in to a 3 bedroom one bath in a working class neighborhood for under 25,000 ( and in some cases 20K) The rental income is $625 monthly and the taxes and insurance average less than $125 an month this leaves 500 a month to cover property management , vacancy , and maintenance .

Please read to the end so we can compare details.I know that you need to login more than once depending on what you want to do.

How many prior noise complaints were there?

Can also result in money back to you for payments made ahead of time.Various settlement charges.Attorney's fees.I pulled out a couple of recent HUD-1's.On a $92,500 sales priceComissions $4625Owner's title policy $681 (0.75% of purchase price)Settlement charges from title company $125Wire fee $25Water escrow $150There were also prior year taxes, those wouldn't normally be applicableOthers are similar.