Rental and Cashflow Property - Management, Strategies and More

Has anyone used a property managment company. I just purchased a 2br ranch and am concerned about finding renters myself this time of year due to the rural location of the property. (Ohio doesn't have the nicest weather) I contacted a local company and was told that for a fee of 1 months rent they will advertise my property in the paper as well as their internet site, find renters for me, do paperwork as well as background check etc., collect deposit and first months rent then turn it over to me to manage myself. Is this a good deal?

I just looked at a 14unit brownstone, it has 9-1bd, 4-eff and 1-2bdrm. They are asking 829k, the mtg company SAYS that they would be willing to let someone assume the mtg. mtg is 665k or so. It cashflows about 2400/month including mtg/util/tax/ins. New electrical and plumbing. Has a renter that has lived there since 79!

I have been trying to put together a rent-to-own contract for my property. The ones that I have from Dean's forms are a little too complicated for what I need. I just want a down payment with a rental payment with no time limit, letting them treat the property as if they own it,as long as it doesn't take away any value,(being responsible for repair, utilities etc., and any improvements they want to make) They would have the right to buy the property through a lender when ever they can.

Is there a specific type of lawyer imma need to help me on my decisions in putting my company together.

Is there a specific type of lawyer imma need to help me on my decisions in putting my company together.

i am very new to this and was wondering: i am in long island, ny and i have seen some trailer homes for sale which cost much much less then regular homes in ny (i really don't have any money to begin with anyway and still trying to build my credit up right now my score is about a 670); would it be a good idea to to try to purchase one of these and rent it out to section 8 just to get started to see how all of this works. also being that it would not be my primary residence would i be able to get some kind of first time homebuyer help

I have a chance to pick up a commercial duplex that nets 53k a year after taxes,insurance and CAM charges. The asking price is 360k. If I could pick it up at 325k it would have a cap rate of 15%, correct? Is that an attractive rate for most investors? By the way, both units have four years left on their leasees and one of them is a national franchise. Thanks in advance for anyone who can help. Brad

This tought came to me during one of my darkest moments.

Ok so here are the numbers on a duplex that I am looking at possibly purchasing and renting out.

Each side is a 3/1 with approx. 1100 sq. ft.
It brings in $14,400 annually.
The asking price is 65K, but I think I can get it for a lot less.
The numbers give a 26% cap rate which is very good.
I understand that I havent factored in maintenance, etc. but at 26%, it still seems like a great deal regardless.
The only drawback is that it isnt in the greatest of neighborhoods. The city has been making strides in upgrading the neighborhoods and infrastructure however.

Folks,
I am trying to find a copy of the 'Cash Flow Analysis' form used to evlauate rental properties. I have looked high and low in the Real Estate Center and it doesn't seem to be around. I would ask anyone of you, if have a copy you could send to me, I would be so grateful.

Thank you!

Jim