I finally adopted the policy of having them meet me at the corner donut shop near my home.

For example a duplex in that area should meet 1.5% to be a good deal etc.Right, one of the ones we are looking at tomorrow is a single family 2bed. 1bath for 69000 my numbers look good to me at 59000 giving an 18%coc 9.5cap rate and $233 cashflow after expenses and that's where I'm at are you suggesting making an offer sight unseen then laying out an inspection or appraisal contingency?  

When I evaluate this property and consider financing and cashing out, it would put me at a negative cash flow of approximately $200 per month.

If tenants put meat products/plastic/trash into the compost it doesn't work. 

For more info, text me at 732-742-3315Thanks!

Hopefully the deal had enough meat on the bone for there to be enough space for you to still be able to successfully refi when you originally planned on as long as interests rates don't make a substantial jump. 

I'm just a wholesaler trying to understand more about the business and survive in this crazy not so hot, not for me at least, market.

Erik sounds great I'm also in Los Angeles and invest out of state (newbie) I would love to chat.You can reach me at 818 571 -0397

I have my license and found out the agent side wasn’t for me at the moment but really still want to invest and be in real estate.

I spent $11,000 on an annual coaching membership as a real estate agent (granted, my take home paycheck for teaching was $3,700 so this was a HUGE cost to me at the time).