He also expressed that he'd be willing to joint venture on his land where he'd supply the land and the JV partner would build.

The areas in this package you need to cover are things like the following:About the PropertyAbout the area where the property is locatedThe Opportunity and Business Plan for the propertyInvestment summary and potential ROIHow is their investment safeFinancial ProjectionsReturns on Sale or Re-FiThird, Tell everyone you know that you have this opportunity and are looking for private investors and then for the ones who express interest set up another sit down meeting with them to go over the package in detail.

At interviews express your enthusiasm about RE fully, you will get the job. 

@Curtis Fergus, don't be nervous about expressing an opinion... because it's your opinion and everyone has the ability to offer it up here at BP. 

Your time here will be well spent.Since you expressed an interest in buy and hold, I added the below links for your review while waiting for feedback from your local networking connections.https://www.biggerpockets.com/renewsblog/2015/03/27/financing-options-rental-property-guide/ (financing options for rentals)http://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/ (house rental guide)http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property)Now that you have made the move, below are some links that will help with the navigation of the site. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meethttps://www.biggerpockets.com/alertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/termshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/perkshttps://www.biggerpockets.com/forums/categorieshttps://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)Before your 1st purchase, please ensure you visit the below link for some tips.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

A capitalization (cap) rate is used to express commercial valuations and, given that the discussion here is about a multi-unit residential property within the context of the true ARV of the property in question, specific to Jean G.'

Hello Everybody,I found a property that I would like to make an offer on but it seems that they are already under contract.The contract is public and is signed from March of 2014 (A Year and 9 months ago) yet the property still seems to be in the original owner name.My questions areIs it worth it to send a letter to this owner expressing interest in purchasing their property since the home did not close yet?

I've expressed to him the value of joining a quality local REIA and I want to see to it that he attends some of your future meetings! 

Sorry for asking the question like a standardized test but couldn't think of a better way to express it. 

I've been seeing a lot of folks around BP that seem to be here with the express purpose of quitting their jobs to invest in real estate.