We are picking up reo properties for under 10k putting 10 k or less into them and selling them at appraised value for 55k.

Yeah I picked that avatar because that's what most people think we all look like here in Nashville, lol.

Taxes, Utilities, the Economy, Competition.These and other factors will effect your Commercial Investment and you have NO CONTROL over what they might be or do in the future.So what is the one MAJOR ITEM/EXPENSE you can control???

Payment history combined with credit utilization make up approximately 65% of your score.

There seems to be a lot of experience needed to find and work the "no money down" deals.In terms of learning the area ... if you just moved there a few months ago, start by picking up the local real estate sales magazines.

Hello Steve,Landlords are always picked on.

In the interest of fair play, here are a couple of companies that offer online rent collection services, one of which is mine, but you should pick the one that best fits your goals: ClearNow -- just electronic checks, but simple and easy to set up RentingYourHome.com -- electronic checks, AMEX, VISA, MC, PayPal, has more features Payment Services Network (PSN) -- excellent product, but complex for a small landlord to set up; must be underwritten during process PayRent -- electronic check, AMEX, VISA, MC, PaypalIt's better for you the landlord to accept credit cards b/c you never deal with default (VISA chases bounced checks, not you), and they fund faster than checks.

Take some time to contact a few experience folks in the Buy in Hold business and pick their brian.

Thanx for the Invite,Likewise, I'm looking forward to exchanging ideas and picking your brain as well.

Here is the problem that i'm coming with is that there are only 3 residential units filled and it has 2 commercial units vacant and 2 residential units vacant. the residential units rent for $350 each plus utilies the commercial units go for $500 a month plus utilities. when i talked to the realtor he acted like i'm stupid when i asked what would the owner of the building pay.