That said, I would use caution in the extreme hot/extreme cold markets and might be on the sideline there to some extent. 10% could mean a lot of money.

My main concerns is building a buyers list before making any offers on properties.

Its not a good way to be an investor as far as I'm concerned.

The tenants are more concerned with how much to move in.

As far as I am concerned, there is 80%+ that just go through life in a fog, can’t think or make a logical conclusion with a road map and wonder why things are going badly for them.

It won't be hard to generate private money interest on that, but like Mike said - your biggest concerns are remodel.Get that concrete block checked out.

we have this in my town also $65 a year and they do an outside inspection onlyit is total crap and just another way to soak us "rich " landlords,,, if they were truly concerned about rental up keep they dont need a yearly inspection for that code inforcement officers go around marking up fines all day long on any house especially bank owned vacant houses they know it will have to be paid by the bank before it can sell

I'd be especially concerned about areas that have a strong retirement component.

We do plan to return prepaid rent to the estate after expenses, however we believe that we must wait for a probate judge to decide to whom the money will be paid.I'm not sure we should have allowed his daughter to remove his posessions without probate instruction, but it seemed like the thing to do at the time.Note to Minna: The death in a way has caused a bit of a clean-up challenge, along with a real concern about sanitizing the apartment for the next tenant.

I am primarily concerned with educating myself and gaining experience.