Moral of the story, you could do 400 open houses and sell 1 property. 

Go to college for the simple fact that it gives you a boost in perception to other investors.

He started out working with a large mutual fund company (AIM) and his "research" was largely designed, IMO, to boost mutual fund sales and keep people in those same funds at market tops. 

@Chris Parrish I really appreciate your response - a boost of confidence as well to know that we're not too far off from the direction and capabilities we would like to go.

They forego boosting their returns on equity for the peace of mind of not owing a cent to creditors.

No I have not, I was just seeking out some general advice, or possibly something to just boost up my moral.

In this sense a ratio can offer a rough guide but not an absolute rule for all cases.And that is likely the moral of this screening story.

so moral of the story, don't neglect CapEx (since it affects cash flow), just don't consider it an operating expense...that way it doesn't skew the Cap Rate calcuation.The reason i bring up the BP calculators is that they are promoted so heavily on the site/podcasts/webinars, etc. 

My property was a cash flow play, I just thought that the casino coming in can be nice icing on the top if it really boosts the city's local economy (or it can drop my value, who knows lol). 

This allows you to get really attractive financing options (think lower down payment, better interest rates...) and potentially boost the return on your investment.