Some other good stats in there as well - check it out.

A magnetic sign on the door says "Medical Examiner - Transfer Vehicle."

I would just say this, if you use the same method and it doesn't work, you have to re-examine it.It seems to me that someone responding to an offer two and a half years after you start marketing to this person, is an anomaly, not the rule...

To use the 50% as a worst case scenario is not a bad idea in budgeting your properties, but each property should be examined to the cost of each respective market.

If something pops up, such as a failure to disclose a matter that could support fraud for example, the contract will be examined to see what the understanding might have been and it may serve as evidence at that point, but it is at that time inoperable, since the closing took place.

I used to be a commercial lender myself and I am currently a bank examiner.

Please don't knock me out of the top 10 :cry: http://www.biggerpockets.com/stats

In fact I spent a lot of time working with people in an area where I recently looked it up, in California, median household income, $11,000 (the stats were 2009).But as you said, there have been poor with us forever and I was asking fundamentally, what is poor, what is middle class, how do we define it?

Most parents fear that their child will fall behind other kids, but the stats tell a completely different story.

Josh, I am sure you have the stats on your side and most people are the way you describe.