I have actually done some speaking, coaching and mentoring on the topic and have created an ebook on the topic.If anyone is heading to the Equity Trust Conference I would love to catch up and network.

Make sure you check out all that BP has to offer in the way of e-books, podcasts etc.

Sure you can hold out for loans that you can discount deeply to drive up your yield but just like with real property, while you hold out for a 20% return, there is a guy who will take a 15% and for the record, institutional capital will take an 8% for the same risk most want double digits for.

Double digit cash on cash return is an excellent to way to start investing.Last comment is using 2% rule, a purchase price of $35,000 would give you even better results, having said that, it's not very easy to acquire.As far as rental income is concerned, I am not aware of local rentals.

Those were the digits I had in mind.Anybody think we will still be in the 4s?

Just read the BP free e-book and found it very useful.

If you do, I would pay them off with this for an instant double digit return on "investment."

I have found that BP's resources are:CourthouseDirect.com Download digital copies of documents such as Deeds, Mortgages, Liens, Abstracts of Judgment, Releases and other county courthouse documents KnowX Provides property records & other public info including bankruptcies, liens, death records, and more.

And always good to see another Chicago area investor in the digital neighborhood.John

If you haven't heard the podcast and have commented on it I recommend saving the digital ink and trees until you have. ;)