You might also find or create lists of properties belonging to people who have inherited them in the last several years and do not occupy them, especially out of state owners.As always, lots of people post their intentions on these forums but few actually go to the point of taking any meaningful, sustained action like creating a list and nailing letters.

I went for a little free education but did not extract NOTHING useful from this. 

The way I was able to purchase my 2nd and 3rd property is extracting cash flow from the 1st and with additional savings I had from working my job at the time.

In addition to being able to control most of your own transactions, you will open your field of possible deals as this allows you to openly network with follow brokers and investors in a meaningful way.

And then there are probably buildings in the heart of some bad downtown areas where you'll see cap rates in the 12-15% range, and perhaps even higher.There's really no average that would be at all meaningful...

I appreciate any memories or discussions we might have shared on BP, at the BP Summit a couple years ago or in person somewhere in the past.I want to make this Book as meaningful and helpful as possible.

I'd be looking to connect with my clients and build a meaningful relationship with them to call on them for private money investments/partnerships for these deals.

Also, if the deal is 20% cheaper do to it being a 'fixer' then it's likely you'll have to put in 20% into it to extract that value.

In my opinion, house-hacking:1) Helps you build up equity via rent payments (value you will be able to extract when you sell your home)2) Provides you with more free cash per month (since you aren't covering the mortgage by yourself - ideally you will live for free or live for cheap)3) Gives you some experience of dealing with tenants and all of the challenges associated with that in (what I consider to be) a lower risk environment.

I am a busy professional and simply do not have the time to put in the necessary amount of time in order to extract maximum profit from a buy and hold BRRR-type strategy and yet I still want a piece of the real estate action.