Posted by Jya-Ning on October 23, 2003 at 14:00:23:
Ask them how much they expect you to come out from your own pocket every month. And when there is no tenant, how much you need to come out with, and when tenant move out, how much you will expect to come up with to fix. Ask them in writing.
15 year loan for rental property. 10% for the management fee. 100% finance. If there still has any profit, everyone in your area should buy a house to rent out.