You right some properties have high asking prices and with my calculation there will be much more knocked out but there also very good opportunitys on market especially in the northern states.Patrick,what is your exit strategie for this propertie?

I know it might be hard to find deals with cap rates in the high teens but I dont even get interested in income property till the cap rate hits about 20%.

Funny how those in the bay area think they live in northern Califonria!

Once silver hits 100 dollars an ounce I might be inclined to get some 1/5 ounce silver or just buy silver dimes;) This will make the purchase small enough to use as normal currency if you are wanting that.

John hit t on the head.

Ok I'm sorry but I still need help.So I went to listsource, which is a very comprehensive site, and went to the Absentee Owners section and got a list for my area code, did 100 hits and it only costs about $14.

They couldn’t tell you what a CAP rate is if it hit them in the mouth.

Don't cancel the insurance-- inform your insurance carrier that it is no longer owner-occupied and take the hit on the rate but keep the same carrier-- again nobody at the bank is watching that closely.

To paraphrase Warren Buffett:Successful investing is less about hitting on all of the big gains and more about avoiding all of the big losses.

If you need help with your EPA, hit me up on a PM, i can email you one of mine.