Matthew,I enjoy your enthusiasm to learn.The FMV is ultimately determined by what someone is willing to pay for a property.

I am married with a 2 year old little girl, I enjoy hanging out with friends and family, out doors, games, movies, music, etc.

Not even a tiny bite huh...Oh well I'm definately enjoying the site none the less

(at least in my business model.)It is understood that the 50% rule has shown validity, what I am saying is that the your expectations of cash flow must be changed if you have others managing the property, not that the basics of financial rules change.If you are a backyard investor buying three properties that cash flow $200 a door, and you enjoy the work, in theory you are making $600 a month in income, and having fun doing it!

The positive of the extensive research was that I got a decent deal on my townhouse, and I actually enjoyed learning as much as I could about real estate.

Dick, I apprecuate the suggestion.I am currently on vacation in FL and will check into it after getting back home.

Well i am home on vacation for 2 weeks and was wondering if anyone knew of any REIA clubs in Corpus.

I don't really enjoy this back and forth as I don't feel anyone is learning anything from it.

It can be scary, but you're giving yourself the opportunity to be financially independent.I'm glad to hear that you're enjoying the site, and I hope we can help you to find success in the note business.Best, Josh

Come to network, talk shop, and enjoy yourself.We're going to try and formalize the gatherings a bit with speakers, but expect the usual laid back, easy-going networking event!