Thanks”From my knowledge the CD is all part of the CTC.

Set up some keyword alerts for your areas of interest and it can help you stay on top of happenings there as well as help you meet some key players in those markets.

I remember hearing on Ron Legrand's CD all six of them from the interview table said "what competition?"

What that'll get you in the Cleveland area right now is a lower C-D class duplex or a lower C class single family home.

He'll avoid a capital gains hit and get steady income for his first ten years into retirement (he was going to just stick the lump sum in savings or a CD), so I knew this would be appealing, even at a fairly low rate.Keeping my fingers crossed.

The majority of beginners getting into C/D class properties probably do fail.

I know there are hundreds of "gurus" out there who'll sell you a course to learn from (a bunch of manuals and CD's) that truthfully, most people never finish.

You could tell there were experienced "players" in the room with a seemingly endless supply of capital.

Judging how the rents are $475/month, I'm also guessing this is either a C/D area or a very small town, which may contribute to higher tenant turnover, higher lease-up times, higher possibility of missed payments, evictions, etcRepairs at 5% also seems low, especially if I'm correct about the tenant quality/neighborhood this is in.

be mindful in a C- / D neighborhood, that fancy gadgets and gizmos may draw the attention of the neighborhood miscreants because they know when a board-up is being worked on that new items are being added inside...sounds like a great security system is needed and make a friend with a nosey neighbor, leave your card with contact info on it to keep you in the know of potential shady goings-on with the property.