You make your bottom line offer and if they say "no", move on.Lust learned about BP 2 days ago, wish I had this resource in January cause all this is Greek to me ( no offense to my Mediterranean friends ;)Best of luck!!!

Praxis still has ample opportunity to be like the "tortoise" in Aesop's fable about the race, and Brian feels "the jury is still out" on how the fund ends up years from now (and how floating rate + a rate cap fares compared to fixed rate debt with gnarly yield maintenance fees).

I'm the tortoise.

An example:  North Africans spent hundreds of years raiding villages in the Mediterranean, capturing and enslaving southern Europeans. 

I certainly think the worst is over...unless of course Europe falls into the Mediterranean and we go with them.

I sit slightly corrected.If you increase that $50 as your income increases, you will do even better.Time and discipline... the tortoise always wins over the long haul.

Appreciation vs cash flow is like the old tortoise and hare story. 

Are you simply collecting "Baltic Ave" and "Mediterranean Ave" houses with the hope that someday they will be worth something or are they more "St James Pl" to "Marvin Gardens" that you are putting people into and collecting rent?

I'm using the several months it'll take me to save this up to immerse myself in my local MLS to try to know the market better than anyone else in the area, educate myself, meet and talk to other local investors, and hang out on BP.Sure this is a much slower approach, but I'm okay with being the tortoise over the hare (my Dave Ramsey showing again).

investing abroad can be very rewarding, but you should test the waters carefully.I had properties in South America, West Africa and Europe one time or another. if you can find a good handyman, a decent lawyer (just in case), and finance (unless you want to buy cash), you can invest abroad.I like the Mediterranean area, no matter of what continent.