I didn't bother picking it up just yet.

All concerns, down to the payment of electricity bills and utilities are taken cared of by the professional hotel management operator.

The first floor tenant was paying next to nothing and the second floor tenant was also paying below the average and the utilities were covered by me.

I would suggest that you pick up any local RE for sale books, if your area has those, and usually you will find an agent or two that advertizes in there that they specialize or do Investment Properties.

I have seen duplexes listed that are at 120k, rental income 900 per month and the owner pays utilities.

The only way pick is the traditional methods which are credit report, job history, rental history and hope that they are accurate indicators of future performance.

I am assuming you would compare everything to a risk-free type investment like a CD or Savings Account and additionally maybe something like a mutual index fund for your analysis.For me, I believe I would normally pay somewhere between 700-900 on rent not including utilities.

Less credit utilization = Lower Debt = Higher FICO score.Everyone here we'll do there best to help.Good Luck,NavyDoc

There are courthouse sales, tax liens, utility liens etc and then there are public auctions usually for REOs, foreclosures etc.Best thing to do is go to a number of them and watch and learn.Good LuckNavyDoc

A warm welcome to you Mack.There are lots of investors on this forum, so be sureto update your profile with your location and maybeuse your name and phone in your signature so theycan pick up the phone and call you with a deal.If you have a website, you can list that too.Now...let's get started with the networking!