I invite you to shift your mind set from recourse loans ( the ones you’re referring to) and start considering non-recourse options, which will take you the syndication route.When I started thinking about syndication, it took me a while to let go of my preexisting beliefs of having to control every single step of the process, including fully controlling the property.

So many new investors are only looking for "off market" and wholesale deals- the fact of the matter is that 95% of the residential real estate transactions occur through the MLS, and contrary to popular belief, you can find deals there.

You might want to think about your limiting beliefs.

I have been listening to the podcasts religiously since the day I discovered BP, and have also been taking advantage of all the massive amounts of information from the blogs, forums, and free books provided. 

Hey Trevor,Many real estate investors mistakenly believe that they will be protected from lawsuits by their integrity, their insurance company, or a mistaken belief that they don’t expose themselves to liability.

To my knowledge, it's primarily a single-annual indicator meaning the cash flow is annualized and only for one year, whereas IRR takes values over several years (5-10 on average in my experience).I use CoC all the time, rarely ever use IRR because it can be hard to predict income multiple years out but I recently met someone who is religious about NPV & IRR.

I also religiously research items especially bigger ticket items before purchasing this way I'm 100% certain I am maximizing value for the dollars spent.As far as sacrifices?

I listen to the pod cast religiously and I’m almost done reading Rick Dad Poor Dad.

They have not removed the listings owned by the other religious groups in the area.

Thanks for the explanation Stone,The cost of a roof isn't the same (Due to the property most likely being much bigger/newer) and neither will be many other fixes IMO so the capex isn't the same.My belief has always been the same and that is that a cap rate is a "cap rate" no matter if the rent is $700, $1,700 or $17,000.I always underestimate income and overestimate expenses.If the numbers look good with that added buffer, then the investment might be worth pursing further.Just my opinion.Much success