Since then I've been devouring the podcasts and forum discussions like fat kid in a Twinkie factory.I'm ready to get out of analysis paralysis and take my first steps towards achieving my financial goals, so I'm sure you'll see me around here more often.  

Sometimes it's unavoidable, but you can definitely minimize it by being really comfortable with your original plan, and where you will cut the fat when (not if) you need to.Then, the construction loan is only very short term so you need to make sure you have solid contractor who can get things done on a timeline.

It's been tough trying to find a 12%pa cash-flow property here lately and this a higher return than that.Phoenix has become a little tougher to find a deal with a lot of fat on it, not impossible, but tougher than when I started.

I think that is a red flag that a turnkey provider is making a fat profit.

If I did my calculations correctly, I am looking at a 3% cap rate and a big fat 0 cash on cash return. 

As it sits, $1000/mo on 40K is nice fat 30% cash/cash ($12,000/$40,000), but it's only a 3% cap rate ($12,000/$400,000).

Anytime a buyer can't close on time the only way I continue is with a very short extension and an additional big, fat, non-refundable deposit.

Just like sales where clients think you just list the property and collect a fat check at closing there is a MASSIVE amount more to PM than you might think.

Hey Tiffany, our June meeting is all about the results of our 30-day implantation challenge that we started on May 1.

I would want much more fat in the deal at that price.If you can pick it up between $150,000 - $200,000, that would justify the risk IMOThere are opportunities in the Midwest where you can make $20,000 - $30,000 on wholesale deals in the $70,000 - $100,000 range.Thanks and have a great day.