Given America's average home value, this could easily reach into the tens of thousands of dollars in taxes/transfer fees.Had the parents created an irrevocable trust such finheritance fees could have been avoided or minimized, but oh well, rest in peace.

Basically you do a minimal amount of rehab, i.e. cleaning it up and fixing a roof leak or two.  

I have a fair amount of money to invest in properties and so I am willing to give up a bit in terms of return on investment in exchange for minimal hassle and to not have to think about my investments that much. 

I guess I picked cap rate as an "indicator" just like an investor in the stock market uses certain "technicals" in evaluation of a stock.  

If there is hype that's a good indication that is what is being sold.....hype!

I'm sure they'll have a lot of good advice.3) Brandon Turner started a forum post called What are the key indicators of a good real estate market.

With putting minimal down payments for the LTV and using conventional lending for the first few properties, there isn't much equity in them to draw on for expanding my holdings.

I made mine and as soon as I put them out I realized I should have written something indicating if they knew someone who wanted to sell I pay referral fees.

In general, we just want to be set up right and obviously with the minimal up front and ongoing costs, with the best tax implications at the end of the year.Thanks all for sharing your experiences.

In the Michigan suburbs everything is gauged by how close you are to Detroit) that comps indicate is worth now about $32K.