I am fairly new to Real Estate but no stranger to cashflow, crunching numbers (spreadsheet whore), and observing markets - Derivatives background.Honestly speaking, it took me a while to find a forum as good as this one so kudos to all involved.My interest in real estate is cash flow (buy and hold) and architectural style, which brings me to almost any brick building (federal style, art deco, chicago etc...) and heavy use of wood trim.

Thanks again for a value oriented site.

Do a small run with a certain style of post card then do another with another kind and measure the difference.

I was just reading an article Cigar Afficianado where Sheldon Adelson (#3 or 4 Billionaire in the US) is building a Las Vegas style strip and I'm 99.9% sure it was in Singapore.

Good location, some rooms are in decent shape, Craftsman-style details throughout.

Recently found some beautiful austere Victorian styled townhomes and ONE dilpapidated apartment building which has great potential.

Luckily when I read my first few real estate books, I realized anyone could do this business and everything about investing in real estate made so much....so I knew it was for me.Could you imagine opening a service oriented business?

Your manner should be informal but purpose oriented; you should aim to make a friend on the phone, but have a definite picture of the information you want to both impart and receive.

> Lease Orientation DVDYou can easily create a PowerPoint Presentation going over each paragraph of your lease and house rules, as well as general procedures such as maintenance requests, trash pickup, definition of "Emergency", proper use of disposals and toilets, and whatever else your tenants frquently have problems with.

Of course, regardless of which answer you give (unless you disagree with both your statements), it contradicts your assertion that the 50% rule is a good one for *all* investors...Btw, Mike, I'm not trying to be attacking...I actually really like your style of investing and your perspective on a lot of topics (I've learned a lot by reading your posts)...I just think you're taking a bit too dogmatic approach on this topic, and am actually enjoying the debate