Getting into your first rental house, as a landlord, is a big step...there're lots of people out there who make money with rentals, and as many (if not more) who found it a nightmare... You need to ask why the "professionals"--people in real estate for a living--haven't snapped up all these good ?? deals... rhouston is right on about renters often being a pig in a poke...you'd need to set up your purchase so you could walk away from it cost-free (no deficiency) if you couldn't get renters and couldn't carry the payments yourself...you need to be able to do most repairs yourself, to keep down expenses...do some research on being a landlord (forewarned is forearmed). If you've been influenced by any real estate ads or real estate people saying "... now's the time to get in on the ground floor..." don't forget they're not really unbiased observers... This's not meant to be dismissive-it really may be a good opportunity in your area-just a heads-up to do your homework first. (My parents had a rental) Good luck.
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Today's Featured Article - Product Review: Black Tire Paint - by Staff. I have been fortunate in that two of my tractors have had rear tires that were in great shape when I bought the tractor. My model "H" even had the old style fronts with plenty of tread. My "L" fronts were mismatched Sears Guardsman snow tires, which I promptly tossed. Well, although these tires were in good shape as far as tread was concerned, they looked real sad. All were flat, but new tubes fixed that. In addition to years and years of scuffing and fading, they had paint splattered on
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