Calculating ARV is part art and part science, it's the class that is always packed with new agents and the results on example listings are sometimes wild.

The closer geographically the better.People always say that appraisals are "half art, half science". 

Trust me when I tell you that in the world of science, medicine, engineering, probability...

Some investors are living paycheck-to-paycheck so a healthy reserve is necessary.Here's my general guidance on reserves, which would include your capex planning.RESERVESThis is not an exact science.

Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?

It is always fascinating to see how creative investors can get to make a deal work. 

He has an "Ask Dennis" section on his site where landlords ask questions and he posts the answers, which I always find fascinating to read.

It's not rocket science.

None of this is not rocket science but without some baby steps (self managing for example) you'll be clueless.I suppose you could go turn key... but do your research.

The seller will think they have convinced you to pay more than you intended, but you will know that you orchestrated the negotiation effectively.Keep in mind that this technique is an art, not a science.