I am not a doctor but that is how I would address it.

I cited Malkiel's work and countless studies done over decades and all of the geniuses (MBAs, doctors, lawyers, etc.) swore up and down that they were too smart for the rules to apply to them!

We live in an upscale neighborhood with other professionals - mainly doctors.

The best technique I know of is to start with people you know -- doctors, lawyers, and other high-earning professionals with lots of money but little time to focus on investing.This will also help you avoid the securities issues Bryan mentions above...

One poor guy was elocuted by old sparky for 2 minutes and then checked by 2 doctors.

Finding a fully performing property especially at the 50% suggestion with multifamily is a non starter.A trophy property the owners will demand a premium.The typical buyer is a doctor,lawyer,etc. who wants a newer property in turn key condition to us as a tax shelter.They don't really need the income all that much.What I see most investors going after including myself is value add deals.Where you have a burnt out landlord or a property with deferred maintenance or both.Some people have more money than sense and do not make good managers.The value add deal is where you can create equity and cash flow the quickest.Many investors love apartment foreclosures from banks.There is no emotion like from a regular seller but also there isn't usually as many ways to structure a deal.So each avenue has it's pluses and minuses.If you talk to banks they are hoping the market gets better.If you talk to buyers many say we are still in a recession and will not pay the banks prices based on over inflated appraisals.So what you have is a stand still in the bid-ask gap pricing.Some product is moving but not the kind of volume to turn the market around yet.If you want start out with one house and build from there.I agree with everyone on the fees.The contractors will suck you dry.You have to know what work you want to do and not to do.I tell contractors I want investor pricing and that I am very cheap and want a deal.If they are looking for a retail deal don't even waste my time.Between plumbing,electrical,pest control,lawn maintenance,and on and on your cash flow can go out the window real fast.On my apartment building I have a cheap handyman mow the grass and do minor repairs.Grass company wanted a one year contract and 210 a month!

In order to get me covered for this the doctors are going to declare me 100% totally disabled which will allow them to have me participate in a clinical study for a recently approved procedure which may well abate or cure the melanoma altogether.It is chemotherapy but is supposed to be in a pill form.

JV Partner with a doctorEx $100K ARV needs $20KOffer .65 x 100K - $20K = $45K---Start LLC with Doctor - Go to Sercretary State's WebsiteOperator Agreement 2 Party LLC downloadsee attorney---Say to Doc"Doc, I have a business propostion for you."

Many make special exceptions for medical doctors as they have the lowest mortgage loan loss history in the industry. :)

Gee, I hope my doctor takes a different attitude toward his profession!