Many investors don't realize they've agreed to dump more money into the syndication if it runs low on cash (capital call).

But then i ran numbers and realized that at current rates i have to pay 4300 (3300 Mortgage, 1000 Prop taxes ,900 HOA) . 

Now I realize it is going to take a couple months of talking to real estate investors and agents etc to help me slowly dial in my market territory.

Quote from @Evan Polaski: @Jay Hinrichs, while I wasn't going to call them MLM, I did attend an Armando Montelongo (A&E's Flip this House from mid 2000's) seminar at a hotel conference room in 2007 or 08, which was the free funnel to spend $1,500 for a three day seminar or $25,000 for an in-person mentorship.I have seen similar promoted with Christina and Tarrek from Flip or Flop more recently.I didn't start realizing how profitable education can be until the last 5 or so years.  

I've had a hard time coming to that realization, it's a home with sentimental value that we figured we'd keep forever to give to our kids, but that's the parent in me.

Hey everyone, I realize it's been a super long time.

Also make sure that you're using "per unit" numbers for your rules of thumb because this is much more accurate than simply looking at the expenses as a percentage of the property's income. thanks charles, i realize that the rule of the thumbs are not a 1 size fits all.

I looked it up and saw it too, but then realized that they were referring to Titan Trust Bank. 

Unfortunately very few who seek out these assets take the time to consider their exit and fail to realize they are the most costly assets to exit, let me explain why: Here's how that disposition process to an owner occupant looks: -You will incur turn over expenses associated with vacating the tenant in preparation of the sale -The natural buyer in this price point is the FHA buyer who will normally seek a 5-6% seller assist  -Passing a Section 8 inspection/preparing a home for a low income tenant is very different than the expectations of a home owner,   particularly the FHA buyer who cannot afford to take on any deferred maintenance.

Realize that since his reviews include affiliate links he is making money on that so be careful with what you read.