I felt extremely prepared as I had a sold foundation of knowledge (much to the thanks of many posters on this board) and I've read numerous times about the importance of these meetings.This REIA boasted a reputation as the states largest and most accomplished organization that has transcended the boundaries of other organizations (a paraphrase).

I have a property in Rohnert park right next to the Graton Casino I bought in mid 90s for 27k  4 acres tax's 200 a year just sits there.. just put it on the market for 3 million will take two though  :)  its all perspective.. and where you live I made more on my bay area properties in appreciation than I could have possibly hoped to make in a life time leveraging small dollar rentals or drip income at 200 a month per door.. but to be fair I am not an investor I am a business owner and we create income with commission s Points  interest delta building new homes etc etc.. average investor cant do that .. they don't have the skill sets or experience to get the financing to pull this stuff off.So I totally get the buy a rental house try to scale it for the average W 2 or high income earner who is focused on their career.  

The market has become too much of a casino for my liking.

Look for episodes with the title “Power List” in them as it is a strategy he boasts about.

. :)   I did not post this to discuss my finances nor boast of earnings.

And this using a 203K FHA loan in the brutal market of Boston, on the east side of the Port Norfolk bay area.Facts & Numbers:2 beds & 2 baths on each of the 3 unitsPurchased for $655K @ 5% down-payment and a generous dose of 203K closing feesTaken a 30K cushion for the 203K streamlined rehabLocked in 4.25% @ 30 year interest rateAppraised at 750KThe numbers are certainly not the exquisite definition of what a ground-breaking deal stands for, but they certainly fare decently well in this seller's market where cash investors rule, the inventory is constantly challenged and most properties are getting sold for over asking price, taking advantage of the current interest rates, the Everett Casino construction, and a few other speculative but pragmatic plays.Just like most everyone else that was not raised or surrounded by real estate professionals from a young age, this deal was pretty much riddled with small mistakes here and there, from neglecting the fire department smoke and carbon detector regulations, being over-optimistic on the underwriting guidelines, underestimating the cost opportunity due to all sorts of processing delays, and you name it.Currently free from tenants, the expectation is to add value by rehabilitating the under-developed basement, adding 2nd and 3rd floor balcony decks, and a variety of practical and aesthetic fixes.

After some research, I realized I could get a job at a number of casinos in Florida, where property can be had for much cheaper than here, while rents can still make them cash flow.

.* improvement in my spouses RE brokerage due to REOs* increased rents received and lower mortgage payments* the fact that Dallas did not have a housing bubble and thus the correction has been mild* having never invested in the rigged casino, err - I mean US stock markets.

.- Property boasts 14 acre lake- 3/4 acre swimming area with platform and waterslide- Pavillion-Water and electric to 65 sites now --much room for additional sites-2 bath houses..one with showers4- bedroom farmhouse1- Country Style Retail storeCurrently operating 5 months/ present owners seeking approval for year round operation..Current owners feel that marketing outside the traditional campground guidelines -- organizations interested can still operate under campground status while implementing ( the buying organization ) its message/lifestyle...** Option 1-- Property could be bought with mineral rights ( property sits atop natural gas reserve...not yet developed...residual income once NYS approves ..Marcellus Shale Country...

Even at a time when numerous people had lost their savings, when all of the casinos were at the edge of bankruptcy, many people were fleeing the area, and before any announcements of Tesla and the other large employment drivers, we've seen less than 1% vacancy on our rentals and have had 30+ inquiries every time we put a unit on the market out here.