Hi @James Danchus I have heard of the rule of $5k in the sense that when you do your due diligence for repairs and arrive at $13k round up to 15k or if 17k in repairs round up to 20k.

Although we have not "arrived," with 3 active lease options and 3 whole sale deals we are well on our way.

• What is your sales price and how did you arrive at it?

You've got to be comfortable more or less handling the transaction "on your own" because it's hard for the listing agent to truly arrive at the best outcome for the seller and buyer doing a double agency.

On the other hand, checks arrive on time, and the tenant was very respectful of the unit and the property.  

That's what RE agents and wholesalers do, they sell properties that they don't own.The hotter the market and the closer to the peak I think we are, the greater the market risk and the shorter the holding period I want.

I just arrived in KC this afternoon for a week or so, so I'll try to check out that Wednesday meeting.  

They will eventually arrive at a "fair" value - that they determine.

You can play around with selecting more or less property types until you arrive at a number you are happy with for your mail campaign.  

The "hotter" the market, the less those normal investment rules are likely to work.The larger your down payment, the easier it is to "cheat", so that it LOOKS like the rules will work!