If the place was kept up and the neighborhood didn't degrade, you could see the next 15 years be 60-70% pure profit.

Yes, they should provide a DU report with the pure approval.

A Pure Lease and a Pure Option is the way to go with Dodd Frank compliance.

like I said, I'm probably not ready yet because the times I've been there was pure tourist and very little real estate research.

In the near future, I'd like to find my first pure investment property.

If I use your numbers but add property management cost to be able to evaluate as a pure investment I get a cap rate of 5.9%.

Sure, he has a whole series of RE books, but this one pretty much stands on its own.For more day-to-day property management, I've been relying on this book:http://www.amazon.com/Landlording-Handymanual-Scru...For pure dream peddling, Dolf de Roos "Real Estate Riches" is absolute genius, also a free PDF.

Maybe it was because of my upbringing, maybe it's pride, However, if we look from a pure money standpoint, I would define highest and best use across my entire portfolio.

My husband has a transient job (active duty military) so part of our acquisition plan (we buy pure rentals too) has been turning our personal houses into rentals when we move on.

We started buying pure investments properties as we got richer ;)The transient life style can be a great asset.