Leverage increases your returns in most cases to 10%+ when properly done.In reality for every dollar of dead equity you are losing 10% - 4% = 6% lost income.

@Alex Tobias as I mentioned, I bid on deals after looking at detailed financials, but you also need to factor in reality.

For numbers, I like to use BP calculators, my own, simplified excel calculator, and then a good reality check to make sure awesome numbers (or not so awesome numbers) make sense for the area.

You could also release the other tenant from their lease however the problem will continue with the next tenant.In reality you can never correct a noisy tenant issue except by getting rid of them.

Think of it as a legal wrapper but in reality it is legal document that looks like a contract which you design with an estate attorney and you will fund it with assets such as cash, brokerage accounts, cars, boats, real estate, etc.

You go ahead and stick with 2008, i'll work on today's reality. 

@Lumi Ispas  I think the reality of wholesaling out of state unless you have a very large amount of money for marketing is a non starter.. that's why I suggested buying a 1k house.. at least in the first 10 minutes of Cody looking at the internet he could find a house he could buy.. ( don't waste money on postage and such) and then he can use whatever resale techniques he has learned from others here on PB and resell for say 2 or 3k... and make some money.. without costing him more than his time..

A lot of numbers I see on this property and other buildings are what the potential could be versus what is reality right now.

@Jeff Filali & @Garrett White thanks for the motivation and reality check that this takes work, time and gameplan@Tyler Crawfod thanks for the original question - please keep us posted.

We chuckled at that when we were brand new, but the reality is that he's right more often than not.