By that I mean, just because the property next door has CR=7.5% doesn't imply that yours  will or should be the same.A back of the napkin equation for ARV would be the sum of all monthly rentstimes 12 months; this get's you to the GSI(Gross Scheduled Income)times a GRM(gross rent multiplier) and reasonable number is 10and the ARV is ~= FMV just calculated.

The most update is Duane Gomer and Real Estate trainers down here in Santa Ana.

Ergo, visa vis, concordantly, I would not have to have a 3-some pow wow with both lease optionarites.And, in my lease option to the sub-leasee optionian I would stipulate that "I make no claim, implied or otherwise that I hold title to said property in question."

I figured this was always implied but yesterday I found out its gospel.#5 - your getting a tax deduction on the interest.Instead, mail me 9k/year and at tax time I will mail 1.5k back.

wow thanks for all the great information. eric thank you for letting me know what was useful to you. i will look into purchasing that course. and thank you bill for all of the helpful pointers. i wasnt trying to imply that i wanted to learn everything from a guru course, but i have to start somewhere. and i currently spend a couple hours a day educating myself through sites like bp and also books, But like i said earlier some of the books out there are so complicated that it seems only a savy investor could understand them. i have also thought about taking courses for getting a license however i will probably only use it for the knowledge and not actually persue a license. i figure it would be a great step to getting a foundation on real estate basics. once again thank you all for your great insight.

Never said it , never implied it.

If we go the Japan route, that implies rates will stay ultra low indefinitely with deflation or at best stagflation for decades.

@Gail Greenberg- I agree, I'm not implying (and don't think I said) that you should ensure the house has equity so that you benefit from the equity gain.

The downside is that a trainer requires an investment of capital.  

parties for new years. it's part of life.finding cig butts outside does prove that atleast some, if not all, smoking takes place outside. as far as the pot goes, you can't prove it was theres, though they would be responsible for their guests.you mention that your lease was off the internet and 'does not mention anything about smoking or drinking'.... are you implying that you do not want legal drinking aged people drinking in your property?