Just be sure you can close on your deals if after inspection they are still money makers.

Develop a good relationship with the decision maker at a smaller bank or two.

Chris, Always deal with the decision makers directly.

I wanted to see if there are others in the BP community who have also done deals that were less than the 1% theory where you were glad you did it (and whether the reason you were glad was due to appreciation, eventual rent increases and hence cashflow, gaining experience, etc.)The reasons why I believe doing a less-than-1%-theory real estate deal can still be very profitable have to do with all the factors that make Real Estate Investing so attractive when compared to other asset classes.  

the money will come" part kinda says, if you find a money maker and let people that have the money know about it then they will play ball with you.

Being new and kind of shy are two challenges that I'll have to overcome quickly in order to make real connections in the real world, face to face with other investors in my area.

I explained to him that what I make really does not need to be known (first off this is our first deal and you don't want to disclose this to someone who doesn't understand) -and when your spread is large it is best to do a official closing.  

Have you been able to identify who the main decision maker is yet in the house? 

But remember what opinions are like, we are all just offering advice... especially myself, I have one property under my belt... you are the ultimate decision maker!

I've seen a family with kids and indoor pets do 100k in damage to a house in just two years.