For instance, if a property worth $10 million brings in $100,000 per door, the cap rate is $100,000 divided by $10 million.To quickly size up a deal, I rely on the 1% rule: if the price is $100,000 per door, I expect to see at least $1,000 in monthly rent.

For instance, one "expert" I wasted my time/money on because he wasn't as informed/educated as he pretended to be.

@Jena VailThat is how we prefer to sell owner financed is the 10/10/10 rule(10% down 10% interest for 10 years)We have modified this in instances for larger or smaller down payments or changed amortization but had a ballon

If so, say you have a right to do whatever you need to, if you give me a copy of the recorded lien I can forward it to the title company.You can also ask the closing agent to look into it.In many instances, a subcontractor got into a dispute on payment and then threatens the homeowner since they will not get it from the builder.

It's a normal part of the path to success.Take, for instance, doctors who immigrate to a new country.

There is only 1 instance with a 2-4 unit that I've come across a seller that actually had all of that info. 

For instance if you can fund with more cash and less from the HELOC, this will also reduce the risk even in the case you mess up a little bit.Best of luck!

Look up the rules, they are very clear in this instance.

For instance it will be bad if a toilet backs up and floods all over the place because tenant keeps trying to flush instead of letting landlord know before it gets to a point where it floods all over.

We also see a lot of instances where newer investors are unaware of what quality and details need to be achieved (or not achieved) based on their desired exit strategy.