Now that's why a lot of people frown upon FB because of this but if you paid attention in class and understood what he was getting at then that wouldn't of been a bad idea however they give you no time to think about it or prepare.

I understood that the appraisal went only to the lender.

When I first began working with my current buyer's agent, we went through a training process of about 4 months before he (1) understood what I was looking for (2) believed I was not interested in other type properties and (3) believed the type deals I insisted on were attainable.

Being that my brother has rentals in Georgia, I understood the importance of having cash to pay when the property is damaged or needs normal repair.Because of the listing requirements in Mass, I am able to get last years tax payment and I also ask the realtors for last years insurance, so I am taking the monthly rent, cut it in half (50%) and then subtract my monthly insurance and tax bill and am now using that as my "Misc" monthly expense.

@Nat Chan I never understood why contractors would ask for a large deposit to start a project, here in California your limited to what can be asked up front generally up to $1000 or 10%, which ever is less.I never give deposit, most contractors that we deal with have a clear and well define scope of work, attached with a detail schedule of values (Especially for large projects that run a couple of months) and a construction schedule complete with milestones.

Understood.

I never understood how to exactly analyze my market.

I've never understood the argument that multi-families are better investments due to the vacancy issue.

I went through a lot of lousy lender contacts before I found one who really understood what I was trying to do.

It's understood.