Giving Landlords access to bank accounts is the most ridiculous thing I've heard.

Ridiculous?

It seems ridiculous that we can't find an appraiser to take the job for a big chunk of change.

Credit cards for bad credit have ridiculous monthly fees and interest rates. 

From my conversation with bankers, someone who is looking to get an equity line on their home from a bank with no credit will almost always be denied or will have a ridiculously high interest rate.

. $232 for 12 months of water would be a ridiculously low charge. 

Ex) If you're PITI payment is $400/mnth, you'll want a place that can be rented out for $800/mnth.I have limited experience from just one long RE venture, but I found each of these rules to be pretty true (despite the fact that - when I first heard them - I thought they were ludicrous and ridiculously conservative).Brian

Asking price is 232,000 (RIDICULOUS) I say that because the home needs TLC from top to bottom (a lot of cosmetic things).Refinish basementNew bathroom, new kitchen, update all floors throughout the house, landscapingThe owner does not live there, I believe he was relocated for his job.

I moved from Santa Clara about 2 years ago, and back then, average 3/2 apartments were running anywhere from $1800-3200, depending on amenities (I know, it's a big range, but CA housing prices run the gamut).If that's still the case, $1400 for lot rent may not be ridiculous, especially if the home is in good condition and in a nice park.That said, I don't know if the rates have changed one way or the other since then...

This past six months or so have seen ridiculously compressed cap rates across all commercial properties classes.