One BP member was just boasting of her passive 7% TIC that she's had for a while.  

If all is right, being ultra conservative, including a 13% vacancy discount  consistent with the office submarket into the mix (gross rents are reportedly 324k/yr - 13% vacancy for submarket = 282k rents - 104k in expenses), w/ 30% down at about 5% it'll cash flow about 80k/yr. at 2.35m - again being ultra conservative given its 100% rented.

I have no knowledge of how that works.Vacancy (10%)Repairs & Maintenance (5%)CapEx (6%)Management Fees (0%)- I’ll be learning from this property, but hope to handle management alone.Future Assumptions: Ultra ConservativeAnnual Income Growth: 1%Annual PV Growth: 1%Annual Expense Growth: 1%This results in $573 in net cash flow per month, which sounds good.

Just make sure you can have ultra fast internet. 

Every body here knows someone renting or flipping, making it ultra competitive and hard to find the best deals.

I have no experience with them but based on your info the "guarantee" sounds ultra sketchy.

If I run the numbers ultra-conservatively, assuming all garages are vacant with no income from them, the property would make about $350 cash flow monthly with 5.5% cash on cash and 6.5% cap rate (I know, not impressive).

Eric, the biggest value for airline miles is when you redeem for premium cabin space on international flights or when flights are ultra-expensive, like around holidays or popular events.

For those of you investing in that area or are trying to invest have you seen any deals or is it ultra competitive?

I'm an ultra-involved general contracting company owner/realtor in the Houston area, also suffering from ocd and a bit of perfectionism...