I never post on the 'free' area (even though I can with my paid subscription) as the signal to noise ratio of the inquiries is hopeless. 

That is my signal that my risk tolerance level has been exceeded.I hope that this has been helpful to the forum.

And people are swarming like locusts to bid up the prices of anything that sounds like a wholesale deal.It just feels like behavior and terms that to me signal we are getting close to the top of the market.Nah.....I will pass and work with someone who isnt trying to create some sort of shark feeding frenzy for at best marginal deals.  

Look at average rents of similar houses and see if it is profitable factoring in insurance and taxes Calculate break even Find an investment property- Consider: What kind of investment property you want to buy Town house Signal family home Condo multifamily How much you can afford to pay What kind of neighborhood you want to invest in What the average rent is in your area What kind of return on investment you hope to make.

I wouldn't base it on any CAP Rate figures and if you did the lower cap rate would signal a steady income and not the profit he is making.he stated that he wants to refi it, which i think is a good idea, If he is going to refi the property he may want to think about pulling some cash out and using it to purchase another property.

"Mismanaged" to me usually signals a large cap ex requirement.

I sign all lease and repair request electronically.

This is a clear signal that your list is saturated with other investors and you might want to consider changing your targeting. 

@Andrew Diamond you usually need to have a 600 credit score as anything below signals something along the lines of a recent foreclosure, bankruptcy, etc..

Yes, I'm afraid this is not a good sign.  All