No money down?

If no money down, go for it.

Otherwise, you have to factor in the actual vacancy rate, especially if it's in small town, which can't be 100%, and in the worst cast, could be 25% or worse.

Next thing, check if there is deferred maintenance, and how much.

You mentioned it's remote, how long is the drive? You want to check if local law requires on-site manager for apt of this size.

Another thing, is the rent below market price? If yes, I would flip it for remote property. Bring the rent to market price and raise the price and sell it. Quick sweet profit especially if seller finance it. Make sure don't pay seller loan origination fee and pre-payment penalty.

所有跟帖： 

• DDDDDD! -小小石头- ♂ (0 bytes) () 11/30/2007 postreply 11:01:20

• ddd! -芦苇葱葱- ♀ (0 bytes) () 11/30/2007 postreply 11:21:17

• No money down?-- Yes! Even cash out at closing. -va_landlord- ♂ (936 bytes) () 11/30/2007 postreply 11:21:49

• 不愧是领导，利害利害 -抛玉引砖- ♂ (0 bytes) () 11/30/2007 postreply 11:23:30

• MG, 这BZ太有才了。PFPF. -JR98- ♂ (0 bytes) () 11/30/2007 postreply 18:33:26

• 厉害啊 -dukejas- ♀ (0 bytes) () 12/01/2007 postreply 22:09:15