You can sub out the screening to a professional screening service and obtain a lease via a real estate attorney for a few hundred bucks.  

If I buy in Manhattan or BK/Queens its more about having as a permanent residence then selling it to make big bucks and move to a cheaper state to retire on land and a nice house. 

Hello everyone,My name is Geoff and I live in Newtown, PA in Bucks County.

Yes you pay more in Redondo but I think the appreciation in North Redondo is better bang for your buck because of the schools.

So I googled which areas in the U.S. provide the most bang for your buck in a house.It seems that there are several areas of Georgia (for example) where you can get a 5 bedroom, 4 bath at a price that might buy a dated 3/2 where I live (Pittsburgh).   

A lot of that stuff can add up to big bucks for you to take care of, so you definitely want to check out everything yourself.

It might also work if the maturity was short, such as in 2 or 3 years. 

The interest rate is still good for the spread and they also get a fair amount of time to knock down the principal balance owed so it offsets interest rate refi risk if they do not want to sell at or around loan maturity.   

A quick buck is hard to turn down but that's really not my goal!

I guess the plan is to rip them off a couple of hundred bucks above market rent and try to get them to do the repairs, otherwise I don't see how this is any different than just renting the house out as usual.With that out of the way.