@Janelle NilesYeah, I have a few investment properties (there is no substitute for owning physical properties that I can actually drive by and see and manage!

Perhaps if you really want to get involved with real estate you might want to consider looking into a REIT rather than physical properties so you can be hands off. 

Then we have to exclude Physical Vacancy and Economic Vacancy to get to our Gross Operating Income, right? 

(economical vacancy, physical vacancy, jobs, population, etc)? 

If not, give details on why you expect to get the contractShould Haves Did you physically see the propertyDo you have partnersHow was the ARV determinedDo you have an appraisal or BPOIf it's a rental unit, does it have renters, how close do you live, will you be managing itWhat is your exit strategy?

Will it take physically getting into the properties to put a lot more trust in the numbers?

Physical and economic occupancy near 100% Lessons learned?

@Shaun Hood you can get an 80% LTV Heloc on a rental at Pen Fed if you have 3 properties or less including a primary and they are held in your name and not in an LLC. 12 year draw, variable rate tied to prime + 1%, no closing costs unless a physical site visit appraisal is needed or you close it within 2 years in which case they back charge you the origination fees that they waive when opening ($400-$600).

 You need to:  A) Know thyself  B) Develop an understanding of what REIT's are and factors that effect their pricing  C) Develop an understanding of where you're going to invest if you buy physical propertyFor this comment Ill be talking about publicly traded REIT's as they're available to everyone through a brokerage account.

Hi Steve, I apologize I wasn't able to physically post a reply for the last 2-3 days.