Many not so nice operators were talking non RE professionals doctors dentist etc to buy these then doing LLC's and most of those got audited and thrown out ( if in deed they got audited) I bought 2 mil worth of rentals in Madison MS and took the 1 mil write off over 24 month buying spree..

I grew up in the city where they are located so I know they are in stable neighborhoods (not declining but not improving either).Prop #1: 10 units in 2 adjacent buildings.Price: $280000Down Payment $70,000 and Mortgage of $210,000Annual Rental Income: $47,500Annual Expenses (incl taxes, ins, mgmt fees): $25,400Net Operating Income: $22,100Annual Debt Service: $16,284Positive Cash Flow: $5,816 (22,100 - 16,284)CAP rate: 2.1% ($5,816 / $280,000)Prop #2: 10 units in 1 buildingPrice: $229,000Down Payment of $57,250 and Mortgage of $171,750Annual Rental Income: $56,100Annual Expenses (incl taxes, ins, mgmt fees): $29,903Net Operating Income: $26,257Annual Debt Service: $13,320Positive Cash Flow: $12,937 (26,257 - 13,320)CAP Rate: 5.6% ($12,937 / $229,000)I'll obviously do a thorough inspection done of each building to uncover any capital construction needs or deferred maintenance problems.Any thoughts?

So I build historic exteriors with all the details but interiors with the things modern builders want.I have flipped a lot of homes as well and when you buy a property to flip you never know what you are going to uncover or run into as far as issues.

Question 1 intended to uncover any attachment to the house.Question 2 should get her thinking about some of the nasty things that happen to houses either by weather, neglect or vandals and squatters.Question 3 is intended to reach into the depths of her mind to reveal her thoughts about the future plans for the property and if it's a burden, etc.

The formulas for Wholesaling would be so nice to have too, have you added this by any chance?  

@Ted Eads it is so nice to find another Rockford member who is starting out in the business as well.

It is so nice to feel like you are connected with folks who are making things happen. 

The DC area is known to have some not so nice stories of mean tax lien investors.

Everyone seems so nice and helpful.

It's so nice to be meeting new people again.