They love managing agents instead of selling and closing deals and more power to them if that floats their boat it's just not my ideal thing to do.I am not against maybe eventually having a few agents but any of them that make my life more stressful or difficult would be be going bye,bye real quick.

@Ali Kassam Thats true, just remember  to look at rejection  like baseball.

And remember they didn't get to where they are by luck (mostly)Hey, 90 is the new 70!! 

Remember the easiest way to think of the value on your policy is that percentage method.

It is also often compiling pieces of data and then extrapolating that into a bigger conclusion.So, my advice is to remember that cash flow is essentially a function of numbers. 

Ideally there's a balance between the notion of Right First Time and Minimum Viable Product that should be struck whereby one acquires enough knowledge to act and then uses action to adapt and evolve.

Even if someone doesn't have something right now, they might in a few months, or they might see a deal that doesn't work for them right now but they remember that you were looking for a deal like this X number of months ago.

I remember the first time we had some significant equity, like you describe, a few years ago.

@Greg L.Cap rates are inversely proportional to prices.Falling cap rates means prices have risen.But, you also have to remember, a cap rate might be tight in year one, but rents would be expected to rise over time.Unlike residential properties that look at year one cash flows, commercial properties go out several years and include appreciation and sales scenarios.

I suppose ideally we would like to get turnkey properties, especially due to our lack of experience.