There are too many tenous items out there to affect RE.

You'll read about the "50% rule", which says all expenses, vacancy, and capital items will average out to about 50% of the gross scheduled rents.

CPI is not including food and energy, two items that everyone has to pay, and it is a much larger part of poor people's budget and rich people.

Hi, asking for picture ID is customary, it sounds to me like the passport is one item that you can use, not that it is required.

Since the land is the most valuable item, I would ask the seller for 30 days with $10 or $100 of consideration to market the property and get as many builders to see the property and find out what they are willing to pay for the property.

They then have to be depreciated over the proper period, which depends on the type of item.

These could be potential big ticket repair items and I would get a professionals opinion before moving forward.Good luck with your decision.

If I see bar tabs being paid off weekly or regular bar expenses I probably have someone with a drinking problem, if you see the same amount spent at a nearby C-store, like $16.22 every other day in thier neighborhood, most likely it's buying the same items, like a beer run.

By creating a vast list of items and some that are so qualitative and not quantitative how do you find the right property?

With that said, we have several properties in different states and it comes down the following items that will lead you to the right path.