Adjustable Rate Index: One Year T-Bill (1 Yr C T) Change Index: 2.75% Rate Change Frequency: Annually First Change Date: 11/01/2010 Int Rate not <: 2.75% Int Rate not >: 10.87% Maximum Interest Rate: 10.87% Interest Only Period: Prepayment Penalty Rider: No Prepayment Penalty Term: Mortgage Record Recording Date: 07/31/2001 Document #: 2001-222392BK-PG - Loan Amount $211,500 Loan Type: Unknown Loan Type TD Due Date: 08/01/2031 Type of Financing: Interest Rate: Lender Name Lender Type: Lending Institution Borrowers Name Vesting: Joint Tenants Prior Transfer Recording Date: 11/07/1989 Document #: 15463471 BK-PG - Price: $220,000 Document Type: First TD: N/A Type of Sale: Mortgage Doc #: Interest Rate: Lender Name: Buyer Name: Buyer Vesting: Seller Name: Legal description Abbreviated Description.

If, on the other hand, similar deals at that price are so rare that you'll never find one (or not in the time frame you or frequency you need), then the offer price is probably ridiculous.Investors WILL sometimes find deals at "ridiculous" prices for their area.  

The frequency of the subject property being a deal is probably lower then if you went with some paid sources but we make that up with volume of analysis.

Also, be sure to ask any PM's you're interviewing about their tenant screening, frequency of evictions, and their late rental collection/eviction process.

How would the mastermind group be different in anything other than frequency?

I was told frequency can be 2 weeks 2 a year between pumping depending on use and pumping can cost $75 to $200 per visit. 

The frequency of the behavior might be looked at---"barks alot"-- and whether it is just when new people come up or everyone like the other tenant, e.g.

Would once a month be enough of a check in frequency? 

@Matt Motil what frequency are you re-visiting the properties you're interested in?

@Ryan Billingsley I like the quote from Brandon Doyle in Realtor magazine, “Frequency is more important than reach.