Good points Surveyor. Thank you for the correction on North Carolina, I should have been more clear in my post. Just curious to see if you have studied anything in Tenn at all as well. We have poked around a little bit but nothing in a serious manner.
The numbers that you strive for regarding your ROE just go to show what serious investment property owners shoot for. Alot of people that ask me about investment property always say that I am very negative about it. I try to correct them to say I am not negative about it, but that there is a right way to do it and a wrong way.
I have rentals but they are not for investment purposes, they are places I have lived in and just never sold. The one property I bought for a rental was also a standby for a relative. Had I ever thought of seriously trying to make money on rentals I would do it the way you are doing it which is alot of hard work. It seems like finding the robust market is the hardest part.
