It was very motivating and informative.Additionally, with the changes in the market that we've seen over this past year (i.e. hedge funds buying more aggressively, increasing home prices, lower inventory, etc), there was also some discussion on if/how investors plan on altering their investment strategy in the coming year.I think we could all benefit and get inspired from hearing what other BP'ers are doing.

So, vs. the $475 expense, you would be cash flow positive by $95 a month.I'm missing how that translates into needing to buy one house a year.

Increasing demand translates into rising prices and that translates into a bubble.A $75K house that needs $10K in fixup and rents for $1000 will generate about an 11% cash on cash return with a 80%, 30 year 4% loan.

Anything he provides could be altered/falsified/manipulated.

Even if you're doing the management yourself, that translates into rents of about $1900 a month, over the long term.

Let me translate.

I made some mistakes in buying that property--not serious, life-altering mistakes, but they did help me learn some "what not to do the next time" lessons.

mind altering drugs today?

In just the past year I have notice dramatically higher competition levels which translates to a smaller discount from list. 

I have an idea of rates and the variations based on the occupancy and times of year (seasonals are rented for a certain rate for the main season, then reduced rates for shoulder seasons)My questions are based on the metrics experienced investors would use to 'translate' this into an analysis...as in what metrics would you use?