A high volume sales business to generate thin margins you can start losing money very quick if even the slightest changes happen.For instance a restaurant that clears 100k profit off of 400k in sales versus 1 million in sales.Yes owners like to look poor on paper which is why when reviewing this motel you would take customary (add backs) off the expenses.

Bill Gulley So new tile in the kitchen (along with white DW), as long as it isn't an over-upgrade versus comps, right?

I am interested in whether the entity versus additional liability (umbrella) policy makes sense for you.

Since the lease cap rate is flat for 10 years make sure you get a good cap to sell at versus your cap and spread with all your costs in.

About this time last year my brother told me to read Rich Dad, Poor Dad but as many of you probably noticed... it really doesn't tell you a whole lot, however; it did motivate me to research a little more.Searching for the knowledge Rich Dad didn't expand on, I stumbled across Biggerpockets where I fell in love with the blogs and the real world application versus the guru talk.

I've had some of both (filled out immediately versus bringing it back later).

It's interesting for me to see the differences in opinion about investing for appreciation versus cashflow and how everyone has a reasonable basis for their opinion.I am wondering if you experienced investors think there is a direct inverse relationship over time between cashflow and appreciation?

On the next deal, can you copy from what was done the first time then only pay for an attorney "review" versus creating everything from scratch?

What would be the benefit to me of taking over the mortgage versus flipping the paper?

$60K versus $36K commission.