I am new to this site, just joined...YAY....and I just wanted to introduce myself..I am a Loan Officer with Bridge Capital....no this isn't spamming...Also recently started investing in REI, I have purchased and rehabbed 3 properties and sold...here in CA it's a killer deal.Anyway...if I can be of any help to anyone here please feel free to call or post a question...I'll be happy to help you.

Sadly I have to ban new users almost every day for bad posting, spam, and utter meanness.

It is a risk, a gamble, but it might pay out. 

Not unless you truly enjoy gambling. 

If I need to post to update my last log in each time then I will but that seems spam-y lol!

Sure they can but my word of warning is... it's gambling not investing and you set the limit you are willing to lose before you roll the dice. 

Besides, appreciation is gambling, and it is also long term, so it doesn't effect your current financial analysis.  

Amortized over 30 yrsIncome:Total Gross Monthly Rent: 2,845 (if both units are rented/1,500 if owner occupies top unit and rents out bottom)  Seller thinks 2,945/month for bothFixed Landlord-Paid Expenses:Electric & Propane: 360/month (seller currently has them on one bill so I put 360 into the 'electricity' field)Water & Sewer: 65/monthTrash: tenant pays for their own trash service / owner occupier when living on first floor unit hauled his own trash to dumpInsurance: 90/monthProperty taxes: 550/monthVariable Landlord-Paid expenses: (A bit of a gamble: I put in low percentages here in efforts to make this look like a better deal, rather than being more conservative with higher/safer percentages, so I’m curious your take on this:Vacancy: 3% (88$/month) -I don't think it'll be difficult to rentRepairs and Maintenance: 3% (88$/mo) -It's freshly rehabbed...though yes, I know there will be unseen repairsCapEx: 3% (88$/mo) -It's freshly rehabbedManagement fees: 3% (88/mo and I would be the manager)Future Assumptions:Annual income growth: 2% Annual PV Growth: 2%Annual Expenses Growth: 2%Sales Expenses: 9%Are there any other expenses I'm not seeing, i.e: inspection/appraisal (or does the seller pay those) etc?  

If you go to the "Network" tab at the top ofthe screen, you can type in "Fort Myers, FL".From there, you can connect with people in your localmarket.Just remember, don't spam anyone as the algorithm willblock you.Hope this helps!

This way I don't have to give my tenants my personal phone number and don't have to answer all those SPAM calls I get to my personal number because they might actually be business related.Thanks!