Let me know if you want to sell your paper.

I sold a property about 4 years ago and held the paper as a 1st.

(Hard money) If you're looking at getting a conventional loan, get pre-approved first before you start looking for deals.2: Putting a house under contract means to come to an agreement with the seller, put it on paper (contract), and have them sign it.

He asked me how he would go about raising the rent, and possibly converting the lease to a paper contract agreement.So my question to you is the same.

@Jacob M.Like @Cameron Tope said, knowing what your criteria are is essential for determining if something is a deal for you.COC is a rather shallow metric, especially when comparing with other investment types as it doesn't take into account the advantages of leveraging, on paper losses and other tax advantages that you get with RE.

Every wall and ceiling in the house was papered. 

I use yellow printer paper instead of the notebook paper.  

Fresno seems to have decent cash flowing multi family properties (at least on paper) 

They might look good on paper but the only time they might pan out is if you are local and hands on.

Planning is great - I never was good at that - words are easy to put down on paper - other people's ideas are fun to experiment with and can make someone new in this business feel good for awhile I guess.Over 40 years ago I can recall as if it were yesterday - I was where many of the new folks on this site are today - I was motivated to make money in real estate - had a giant desire to create a little success (the low pay awful job I had, and a jerk for a boss just wasn't cutting it  - but I had motivation - i discovered quickly that it takes more than motivation to pay the bills.So this one seminar I took the guru said "set a goal, build your team and find a mentor".OK - I set a goal to get rich in real estate - to buy one house a month and to quit my job.