Here are some excerpts:"All-cash transactions have come to account for a quarter of all residential real estate purchases, “totaling hundreds of billions of dollars nationwide,” the Financial Crimes Enforcement Network – the financial crimes unit of the federal Treasury Department, also known as FinCEN – noted in a 2017 news"also from the article:“It reminds me of Moldova after the fall of the Soviet Union: oligarchs running wild, stashing their gains in buildings,” James Wright, an attorney and former Treasury Department bank examiner, told me.

When you are in the heat of any emergency and your nerves may be shot, is not the time to be browsing in a search engine to find the phone number for the police..EMT:The same holds true for having preset numbers for ambulances and other first responders.

I would think an unpermitted unit may have significant risk of code enforcement.During due diligence, you need to examine all the permits to determine what is legal. 

Everyone’s advice is really calming my nerves!!

And as I’ll share with you in a minute, that’s something I want you to steer clear of for now when selecting your rental market.You’ve probably heard the mantra that goes something like:"Look at what everyone else is doing and do the opposite”This is one of the times to heed that advice.But, before we look at what criteria makes a great linear market, let’s examine the “old criteria” (that I used to recommend) and exactly where it went wrong.This will help you get an even better understanding of why we’re going with the new criteria moving forward.Typical (Old) Market Recommendations:Find A Market With 1% Rule Deals On The MLS1%’er = a house where the rent divided by the all in price is at 1% or greater.Example $700 (rent) / $70,000 (all in price) = .01 or 1%.This is typically the bare minimum ratio that a rental property investor will accept.

Just made my first cold calls, nothing came out of them but I shaken off the nerves.

My max price on the house will be 30 percent less than what I’m approved for as well as what I feel the home would be worth on the MLS. my question is, would it be worth it to have a title examination done prior to the sale to ensure no unknown liens are on the property ?

I think even posting on here is nerve racking but necessary to ensure that we are headed in the right directionI have been playing with List Source and referencing other posts on how to optimize list results and creations.

(Self disclaimer George is my father, but he is the most knowledgeable engineer and builder I have known)George is the perfect fit for buys and investors and here is why1) Knowledge - George has been a civil engineer in Denver for over 30 years 2) Building codes - George has not only worked as a civil engineer, but has also been a plans examiner, city inspector and chief building official in Denver. 3) Real Estate Investments - George use to be a Denver Area Realtor (not active now) and understands the Denver market.

Rent - Monthly payment = Base CashflowBase Cashflow % Money down = Basic Cash on Cash ReturnsIf those number make sense, for what I’m shooting for, then I would examine the deal further.Always shoot to meet or beat the 1% rule of rental income.