And if you have a challenge with this, go be an artist and express your inner self on canvas or a sculpture and stop spending so much money and time on these items.  

I indeed appreciate the "non-troll" opinion you've expressed, so in the same spirit of goodwill, please allow me a few words to explain my "No MAO" Belief.No MAO TheoryNo matter what you are buying, whether it be cars, lemons, or houses, there is an agreement.  

We acquired it for $141K, we put $40K to rehab it and we're thinking of selling it for $280K.BeforeAfterBeforeAfter3) Raising Money, Organization, Systems, Training, Networking & RelationshipsThis Saturday two investors I talked with and they expressed interest in investing their IRAs with me and in my lending business.

So it is a simple mathematical expression of how much profit I am going to get from deploying my money.However it is important to note that the cap rate is just one single tool someone should use to analyze a property.

Charles,You, Ann, and Richard Weese all express the idea that falling in love with a place is a bad idea.

My current personal definition of what is and what will define me as an investor (in the concentration of rehabbing mind you) when the time comes is this: A form of labor in which one is free from coercion to have the freedom of self-expression, creativity, and a deep sense of pride in ones product.

(a) For the purposes of this section, "abandonment" means the occupants have vacated the premises without notice to the landlord and do not intend to return, which intention may be evidenced by the removal by the occupants or their agent of substantially all of their possessions and personal effects from the premises and either(1) nonpayment of rent for more than two months or (2) an express statement by the occupants that they do not intend to occupy the premises after a specified date."

Usually drugs or alcohol were involved, always loneliness at a immense profound level - try standing reading the note of a suicide in their usually truly nasty apartment or rental cabin with the body in front of you and you will really know the loneliness and the expression "walking in someone else's shoes."

This is something I've been thinking about quite seriously lately, however, we're presently involved with some commercial RE transactions and looking into buying heavily into a Nationwide chain of Express car washes that are expanding into the SoCal market so traditional RE may be off our radar screen for awhile.

This is true and a number of BP people privately expressed a keen interest in having this property for their very own.