I recommend that you read Donald Trump's 'Art of the Deal.'  

I service 38 states, so I am looking to partner with several RE in each state - so I can have a contact to refer to my borrowers if they don't have an agent at the time of application.Check out our website, state of the art "RATE QUOTE ENGINE" and we provide a GFE on line as well- 2 hour pre-approval results- return phone calls (even on the weekend)- provide credit reports to my clients once I pull them- Get the deal close within contract period- very knowledgable and know how to "STRUCTURE" a deal.I know you have heard this before from others - so let me prove it to you that I am worth every penny of the commission I earn.Work SMART...

Take some art classes.

Master the art of raising rents (in non-rent control areas) and deliberately causing a mass exodus of the riff-raff.Learn to love and be able to solve other peoples problems...would be my tip for success.

Let's assume he can actually do that in his market.Making all those quite liberal assumptions gets the OP a whopping $100/month on his $50,000 investment.Know what else would get him $100/month?

I usually have my newer clients start out with excel and get comfortable with the art of record keeping and then migrate to quickbooks when necessary.

Marc,Thanks for sharing.Many people who understand personal credit think that business credit is a black art.

This would be our first multiple unit purchase.My question is regarding whether the numbers work out to be a reasonable and sound investment considering the criteria provided.35 Unit 3 Level Apartment BuildingPrice $2,550,000 15% downAge - 40 YearsAnnual Income - $336,502Less Total Expenses - $158,954Net Operating Income - $177,548Less Morgage Payments - $141,720Cash flow - $35,827($2985/monthly)Some addition infoHigh efficiency HWG boiler in 2006High efficiency domestic HWG boiler in 2006Thermo windowsUpdated lobby90% new fridgesState of the art security system 17 x One Bedrooms18 x Two BedroomsCMHC insured7.0% CAP Rate 21.9% R.O.I.Existing first mortgage of approx. $1,929,679 @ 4.34% pays $10,819 P&I /month due December 2010

I have a BA of Arts degree, and only 9 months formal employee experience as a loan officer for Huntington Banks, (not an option again, $30,000 isnt worth 40 hrs).

I train in the martial art of Aikido.