It was the first book I read as well, and to re-iterate what Emrah said it was definitely the thing that opened my eyes.

I need to stay as agile as possible, I’m not sure when this transition will take effect, but I do know it will be shortly. (2-3 months)1.)

Sure, but it is a series of iterations, layers of event and action.

Google it, and the 1st link from office.mircosoft.com should be the template you need.3. for the Excel spreadsheet, think of time progressing downwards; the further down in the rows you are, the further through the months4. to map each property, give each one 5 columns {Month #, Mortgage Balance, Principal, Interest, Additional Payment} * that is the month you're on in your repayment to the bank (1-360) * balance due to the bank * that month's principal payment (this is why it's handy to have the amortiation worksheet) * interest for that month * and what additional payments you'll kick in from the other properties.5. when adding a new property to the sheet, just list the following as headers so you can add them into your equations {purchase price, down payment, P&I, cashflow when mortgaged, cashflow when paid-off}.6. to make this all work, you take an iterative process * start by charting your 1st and only property, and plot it out so it takes 360 months to pay off * add in your 2nd property, and add its cashflow to the "additional payments" on you 1st (or have your 1st property's cashflow pushed into your 2nd .. whatever you like) * keep doing this up to your 15th (or in my spreadsheet's case, my 5th property)Some insights I've gained:* the snowball effect works!

I think it only took one or two iterations of shopping deals before I started hearing terminology I had not been overly exposed to and dealing with concepts that were new to me.

Hopefully you also have some subject to due diligence clause in your contract as well that I would re-iterate in the letter and perhaps point to the material not supporting the sales price.

I HATE no longer being agile...

The more iterations over the plan and targets, the smaller the strike zone and the better the results.

If you can boost the rents over time to squeeze this puppy into the positive cashflow side, then this dog will hunt.What is the condition to the property, and why is the seller so eager to dump it, er sell it to you?

I really need it.@Eric