For example,  I hear great things about Orlando in terms of the economy and the future, but the properties I've looked at have cap rates <4%.  

In terms of negotiation, I would focus on what is the big pain of the seller and find out truly if he's highly motivated. 

What, if anything, does the contract obligate you to in terms of compensation?  

In terms of, where/how/who/what should you market to, there are many different strategies, just focus on one and keep going.Just my 0.02 cents.

I began to hear people talk in terms that made sense to me and that I had not heard anyone around me speak in.

My old agent used to ask me if I liked a house and he was constantly puzzled when my response to him was in terms of ARV, Repair Costs, Cap Rates, and Comp Values.

In terms of the timeline for the loan, it would need to be at least 12 month loan at its shortest, and 36 month loan if we were refinancing to season the  note and allow time for bank to refinance. 

That would take us down -$20,352, so to $24,082 (still speaking in terms of yearly profit). 

There are two issues you might have with that model in terms of financing.1) Condos are a lot more difficult to get loans on in general.  

I will simultaneously be looking for deals in North Texas as well specifically in Frisco, McKinney, Plano, Allen and surrounding areas up to 60 miles, if Portland isn't offering much in terms of deals.I have been listening to podcasts, watching webinars and reading as much as I can, but would like to get tips from all of you on how to connect with REI community in Portland.