And used a case study to illustrate it, and talked about why it's very difficult to use any of those indiscriminately without knowing more about the particular property.

I believe at one point I had found a video on google for free, a presentation Dan did at one of his conferences about the power of the Dunning mailer process as illustrated by a local plumber he had hired.Here's a quick wikipedia article about Dunning:http://en.wikipedia.org/wiki/Dunning_(process)You can see it was originally used, and probably still is, with collections companies.

Doesn't hurt to illustrate the low returns available in CDs, bonds, and annuities, and the volatility and low 15 year average return in equities (< 5%).

I have read the 2% and 50% rules but had not really connected them in a practical way as you illustrated.

(Oct. 15th) Saying, I started reading the above post and stopped right after the second paragraph and skimmed it.When I can post other information ti illustrate what has been the basis here, I will, we can take it up later.Again, the bottom line for newbies, in this thread, is not to go into the note business as a way to end up with a property, that's not the note business and you can get burned with such strategies.

On the lower end of the rent range you'd be negative.Now I assume that he would have the taxes and insurance escrowed in the payment so the numbers will be better than that.But I just waned to illustrate that you want to run the full battery of expenses to make sure the place will in fact cashflow at an acceptable level for the risk and hassle.Not trying to discorage you at all since it very well could be a very good deal, you just need to verify that it is.

Worth maybe 175.This probably illustrates why I'm exploring new strategies.

Rishel shared illustrates, at huge risk.

It has short, well illustrated banking and business information. 

Late fees are considered additional interest, the application of payments paying interest first is standard and accepted practice.Yes, if payments made don't cover the principal reduction you'll need to manually apply payments as I illustrated.