AIRDNA data shows annual gross to be around 57K at average area occupancy rate.

Just wondering if there is any other places beside small credit unions to get a good deal, my state employees credit union offers heloc at 4.5 rate which is good but therer monthly payments for heloc is for every $1000 used its $12 a month, so 50k heloc would be 600 a month, didnt know if this was good or not for monthly payments or us there cheaper one out there.

If I can acquire a property and do paint and floors and then more than double my gross rents - which would allow the property to then cash flow, then I find my investor clients - and I - want to do that.

We screen first, telling tenants that we don't accept smokers, we want a 670 credit score or more, that we want them to bring verifiable gross monthly income at least 3x the monthly rental to any showing we set up, etc.

Most of the money came from personal contributions to the LLC from both my wife and II'm a full time IT employee at a major oil company.

In order to formulate that, they will survey the market for similar units and apply a market derived rental rate for the units to arrive at the potential gross income. 

So ... we have been running hard and the month of July is set up like this ...46k in gross rent with a net take home of $20k for July in rent rollSold a flip and closing In July that we bought at 78k.

By the time you back out the utility allowance (in OR), you're prob at 85% of market rent.6) You need to keep a lot of records basically pertaining to tenant income so paperwork needs to be real clean (LIH mgmt is like 13% of gross vs 8% for market-rate stuff).

Can't pay for maintenance, utilities, employees, property tax because of this mandate from the state? 

I would much rather have a local utility company employee go in and see what is going on and how much it's going to cost before moving forward.