Sean,ARRIVE EARLY AND STAY LATE!

We didn't know for what at the time because the presumed ex-LL had been involved with throwing his girlfiend out and removong her property unbenouced to her, and a drunken car crash.

Seriously - how many couples do you think actually sit around and go, "We're making a pile of money right now - let's SAVE it and buy real estate when the market crashes!"

., and you found an apartment for $600k with 11,000 sq. ft of rentable space, that warrants further investigation, i.e. cap rate calculation, DSCR, & ROI just to name the major ones.Bottom line when looking at cap rates, here is a standard formula I use initially: Take current gross rents, less current vacancy, arrive at AGI (adjusted gross income.

smgraves85,I only buy properties that have a minimum 30% equity at closing (50% now that the market has crashed) and a minimum cash flow of $100 per unit per month (using real world expense numbers).

:D You never know, they might have friends or family they can crash with, even thought they have not said this - and they would be out of your hair.

Maybe like going to cockroach races only to see a cockroach crash, I kind of miss those posts,yet, at the same time knowing it is a very good thing all around that they are less frequent.Dwayne

I got an email a few minutes ago from the manager that it arrived at the store in the overnight shipment.

If the author is right, we've not seen anything yet.http://seekingalpha.com/article/90892-the-great-consumer-crash-of-2009

Without operating statements you are left making an educated series of guesses to arrive at a number representing your risk in the purchase.With every single step you take in this always remember you are buying a failed business.