These are already excellent buy and hold areas that are being strengthened by the new toll road.

The education I received through the podcast was invaluable in giving me the knowledge and confidence to do the first deal.

The seller will receive the purchase price minus the payoff minus the sellers closing costs.

I am expected to receive a lump sum of monies soon and want to put some of it towards our first investment property or any real estate investment.

Work out your own excel spreadsheet that's what I do. 

I'll have my wife "write" the letter as I think that will be better received, and specify that we're looking to move closer to a certain location, the school district, etc, as well as that we'd pay fair market value and can take on repairs, etc.Opinions? 

... if Prop 10 Passes.I just received a No on Prop 10 flyer in the mail saying it has been certified for the Nov 6 ballot. 

How is this news generally being received amongst the local community/your neighbors?

Without an asset management fee in place (and corresponding language in the operating/company agreement) there is no incentive for another person or entity to take the reigns and see the project through.Another important consideration is the probability that revenue does not meet and exceed the preferred return, in which case the issuer/manager would not receive a cash flow - this can lead to reduced effort and mismanagement of the assets. 

From the variety of answers, it's clear that it is personally subjective (as it should be) based on personal income, current cash flow from your portfolio and the historical track record of the region (the Great Recession provides us an excellent model).