This is to compensate for the "aggravation" factor,management intensity and probable lack of appreciation associated with the lower end areas. 30% ROI on gross rental that you mention often relates to at best 15% net.

Try to find a solid Real Estate Investing Association in your area.

Similarly, I don't allow dogs -- if we were to allow dogs, it would be a very hefty monthly surcharge -- but, if I go by the property and hear dogs in their apartment, my only recourse is to evict them and deal with all the hassle associated therein.

Im looking for some recomendations on a book maybe that lists step by step the process involved and costs associated.

Some associations have such a high percentage of non-paying owners that dues are high just to make up the difference.It is like any other purchase.

Etc means any other fees that are usually associated with closing costs.

If I write an estimate and I'm off because I was rushing to get it out the door and not waste too much time that I wasn't getting paid for, the downside is potentially huge (In other words, zero income, lots of time invested, and a huge downside if I miss my mark.)AKA: I have terribly asymmetric risk associated with free, rushed work.On the contrary - for an investor, especially one with no contract and no EM, the downside is small and the risk is asymmetric in the opposite direction - they can feel free to waste my time, the agent's time, and anyone else's time... especially if no one ever says, "Hey man - my time isn't free!

As I am making my way through the calls and talking to different people who are associated with the deceased person, what is the best way to identify if they have affiliation with the property?

I think its best to go straight to your local Association of Realtors going forward for licensing and classes.

@Lucero Sanchez I assume you paid for everything cash, don't have a GC license, and all insurances associated with it, you probably didn't even document the whole thing, i hope you pulled the permit and all that.