An "uneducated buyer," I quote this because they may research stats inside and out, may very well jump on a deal on the East side of the road thinking HOLY CRAP THIS IS A STEAL AND JUST LISTED, when in reality, you would not want to buy there, and you're comping against homes that are not truly comps. 

HOLY COW!

--Holy Hell do I agree with this!

Solar technology is the new holy grail, and if we can find a way to harness it, we will be the innovators. . .so how to?

Chad Swinford holy crap this site is awesome!

Holy cow, thats a poster child for dangerous ( and stupid ), if your correspondence was via email, so those puppies for any future issues.

The only good thing I can say is, at least it stymies the competition a bit, just because it does require more effort :)I hope this helps, and if you do find the Holy Grail of all tax assessor data in RI in easily parse-able form (Excel or plain text), please let us know!

Okay, it didn't exist for 2 years, then I had my "Holy ****" moment and it has worked for 8 years.The general math behind this:22k purchase price2% rule = $440/month in rent$440-$44 (PM @ 10%)-$44 (vacancy @ 10%) -$89 (mortgage 22k | 25% down | 5% int | 30 years)-50 (insurance @ 600/year)-50 (taxes @ 600/year)---------$163 per monthThe problem here is that you haven't accounted for anything for the rainy days when the rain is on the inside.

Holy crap this is insane. 

Originally posted by @Will Gates:"we can go below up to $75k" one of my favorite parts of reading this.there is many red flags however since many folks are starting their journey and they seem to think the holy grail is finding a private money lender thinking they are going to find this 5% money .. they just don't know what they don't know till its too late and they have lost money.