And, read here, with a grain of salt, we are from all over the country and not everything is the same nor allowed.

On vacation in Phoenix escaping the freezing temps in Salt Lake and finally had time to listen to show 1.

In my experience (limited to the areas I have invested in Memphis, Dallas, Denver, south Florida, Salt Lake City) the demand for condos goes up during economic booms times, but is absolutely the first market segment to disappear during crisis.

When you hear stories about X% cash-on-cash return you generally need to take it with a grain of salt.

All things with a grain of salt, do your own due diligence.The thing I'm most interested in from the tax returns is their vacancy rates (ie. economic vacancy) over the past couple of years, to see if they've had trouble keeping the place consistently filled.

We're waiting to close on the second property and I am not a lawyer, so take this with a grain of salt.

And any construction manager worth his salt should be able to make those decisions.Other questions, such as, "Should we have an outlet on this specific wall" or "Where exactly should this light fixture be cut in" or "Exactly how should this trim package look" should not generally be left to the guy cutting in the trim.

**Like I said, I am a beginner as well so take this post with a grain-of-salt, but I hope it helped and I hope that I didn't give you a poor example or poor information**Best of luck to you in your business!

Take my advice with a grain of salt as I am an insurance guy, but I have clients with thousands of units worth hundreds of millions that do not go to these elaborate efforts.

Rachel,Visit your local REIA in Salt Lake (SLREIA.com).