Based off historical stats values double every 10-15 years.

In the end after learning the ramifications of what  they were suggesting they quit doing financed contracts.Financial  compliance isn't a prerequisite for law school to my  knowledge, I'm not an attorney, but a past Federal Bank Examiner. 

I'm still to do the stats on that property but it looks great.

I think you guys are forgetting that averages mean nothing on a grand scale....Stats Can is to be taken with  grain of salt.

Hey biggerpockets community,I just finished my 60 hour education requirement to take my Real Estate exam in Pennsylvania.

Whenever you go to a doctor, of any kind, for any condition, he will follow the three-part sequence of examination, diagnosis and prescription.Unfortunately, most new investors do it backwards.

They should get appraisals and thoroughly examine all of the possible uses of the land and structures.

. :) Neighborhood stats/demographics seemed good enough, seems like a solid blue collar neighborhood.

Absolutely get a title examination, is this a purchase money loan, the LLC is buying it, or is it rehab money or refinancing?

He literally went to homedepot twice, and examined these two pages for 1 hour. http://www.homedepot.com/p/Unbranded-Brookhurst-52-in-Indoor-White-Ceiling-Fan-YG268-WH/205316898 http://www.homedepot.com/p/Hampton-Bay-Glendale-52-in-White-Ceiling-Fan-AG524-WH/204175447Can everybody tell me whether you ever invest any time to figure out pattern or model of a ceiling fan?