Once they have the means to get something bigger, whether it is meeting a significant other or they get a fat raise, they are out of there.

This month's meeting is about Rehabbing for Fat Cash. 

Back then was this triplex a money burner for investors, at these prices.I would buy a house at ain 10%+ CAP not at all lower and with the 50% rule (I agree with Jon, thats the best calculation) you have $1,200 NOI every month = $14,400 one year / 0.10 CAP Rate = $144,000 (- your $10,000 down) for this house not higher, that must be your goal.Remember that the seller can´t take this price with an higher mortgage on the propertie.

", "Pigs get fat.  

I've been sitting on the back burner for about 3 years waiting for my opportunity and studying.

** Not giving legal advice **Holding any asset and especially real estate in your personal name puts a big fat bullseye on your back.

Go in fat worst case.In reference to type of loan, I personally would rather keep as much cash liquid as possible.  

I also suggest stopping short of building a full kitchen but rather put in a kitchenette with a counter top convection oven and a 1 or 2 burner cook top.  

I have another on the back burner, but I would like to discuss their experience with the area that my plexes are in.  

I get emails from wholesalers all the time, re pumping a property with a new lower price... seems like they are sending out the first one with a hail mary fat profit to them price, and then dropping it every week...