Most of what we are buying are all in for $50k to $80k and are producing net rents of $1,000 to $2,000 a month after all expenses.

Usually investors have a target cap rate they're looking for and will make an offer that will achieve that rate IF all of their assumptions to produce NOI are correct. http://en.wikipedia.org/wiki/Capitalization_rateEDIT: 500th post - wooo!!

Recently discovered the site and am pumped there is such an incredible resource like BP.

Incredibly poor timing on that tenant's part and a good dollop bad luck.

I think it is incredibly well priced now and I'm hoping to see some action by the weekend.

I currently own a small web design company and I have decided to get more involved with real estate as well.My long term real estate goal is to buy and hold many properties to produce cash flow for retirement.

@Jon KlausWe researched the markets and consulted several studies produced by large broker firms.Job growth and local government support for job growth are 2 big criteria.Paul

This is my first post on this incredible website and I know there will be thousands of more posts to come as I’m hooked!

Dropbox is a great file sharing service, but if you are producing "living documents" that are being regularly updated and shared then it's not so good.

I find it all so incredibly interesting to learn about and want to start applying the tools I have and put them into action.Although I am eager to get going as soon as possible, I do have a few limitations and have had some set backs when it comes to income available as well as credit history for loan/mortgage approval.I have been doing a lot of reading about lease options, lease purchases, notes, partnering with an investor, purchasing without a bank loan...I am wondering if there is anyone who can help with some insight who may have gone this route or found themselves in a similar situation as me who could offer some advice on the best way for me to get started.Thanks so much!