The tools of the site allow people to do this in a manner that is much easier than traditional networking methods.For example: Say you're looking for a new contractor for a rehab you picked up.

Personally for me I would want to find a local deca-millionaire veteran/seasoned investor that has a business plan that is very similar to mine and work for him (small maintenance items, cutting grass, collecting rents, placing bandit signs, researching deeds, etc) free of charge for a month or two as he explains to me why he does what he's doing and takes me with him when he's analyzing and negotiating deals.What I don't like is the fluff in the guru pitches that don't really tell you what to do and make everything sound like it's as easy as buying a certificate of deposit.

Went from 1960's to modern without tearing out one item, and it appeared ALL completely had been replaced quality wise.

Don't forget to add in all the items that everyone leaves out of their APOD when they are marketing their property (management cost, repairs, professional fees, etc) With a 12 unit depending on what your business plan is shoot for $800-$1200/month positive cash flow.

If you are really close, then any major rehab item might cause you to scrap it.

The guys I had hired to clean out the apartment then took these items to 'who knows where'.Said tenant has now sent me an informal letter stating that he has gotten back on his feet after a divorce and now has the means to properly and legally sue me for improper eviction proceedings and theft of his personal property. he states he has spoken to several neighbors who will attest to the fact that his property was loaded into a truck and stolen. he also states that he documented with witnesses several calls he made to me asking where his things were and if there were any storage fees involved.

In most cases, that requires an itemized accounting of the damages, and bills for things like painting or carpet cleaning.

The rent is 100 more than what I expect, so I offer to give them a 100 discount if rent is paid before the 1st, with standard late fees applying on the traditional times thereafter.

Today on the TV I heard that the average appreciation for housing in the US has been 5% traditionally.

(or something like that)Bottom line... yes you can make a "profit" but the money then has to be spent on allowable items to continue the operation of the non profit.