This has probably already been discussed and if so, please direct me to thread. I have been thinking about buying a rental. I live in a ridiculously popular neighborhood with very few rentals. My neighbor recently bought a 2 BR/1 BA that was for sale on our street (no where near a deal) and listed it for rent for $1700/month. Had 40 people email her the first day. I was not even surprised when she told me this.
I have read about the 1% rule and feel sure that there are probably still some of these to be found in/near where I live. There would definitely be some rehab involved, but I'm kinda looking to take on a challenge....maybe.
Where do you all find your deals for rentals? I have another question too that I will ask in another thread.
Thanks!
