Door knocking is really not my cup tea though.

I suspect investors don't get drawn in as much by imagining themselves drinking tea in the nicely decorated living room because they don't plan on living there.Anyway, as a user (and believer) of staging in the past, I'm happy to help answer any of your questions from the consumer side.

Of course if you can buy low enough, you can still cash flow property #1 *after* the refi but as a fairly inexperienced investor, I haven't found any deals like that yet myself.

Although I have invested in a handful of properties, I'm still quite inexperienced considering I was using a realtor, purchasing cheap MLS listed properties, working on them by myself, etc.

Why would an agent want to provide access to all of the MLS tools to someone who is completely untrained/inexperienced and perhaps wants to bypass them?

Perhaps I'll be able to structure a deal on my own, but I am still quite inexperienced.

Needless to say, I'd rather pay my fair share and abide by the rules.Just a word of advicedon't use the words 'patriot' or 'tea party' in the name of your S-Corp :) :)

So if you thus net 7.5-8% on the property and finance 80% LTV at 4.5%, you should be in good shape, and it looks like an ideal property for an inexperienced self manager.And then factor in the tax benefits of the depreciation, and your true ROI should be well above 20%.

Hiring an inexperienced 16 year old to do handyman jobs on your rentals may be a little questionable but that's a story for another day...

Colorado has terrible Tex/Mex and BBQ.Bring me some and I will buy you a glass of iced tea.