I've had clients use Craigslist and Zillow and good old fashioned signage (when allowed) to great success - use a system like RentSpree to do background checks etc on any prospective tenants.

Had a house with an old Bassett set (a la Michael Baum above) and these held up really well but sadly were in a really old fashioned icky gold swirl print.

I'm not sure what's going on in other cities, but I know around Western PA it still very much feels like a seller's market.

Cap Rate is a measure of the ratio between the cash flow produced by a property and its capital cost (the original price paid to own the asset) or alternatively its current market value.The rate is calculated in a simple fashion as follows:annual cash flow / cost (or value) = Cap Rate For example, if a building is purchased for $1,000,000 and it produces $100,000 in positive net cash flow during one year, then:$100,000 / $1,000,000 = 0.10 or 10% The properties Cap Rate is ten percent.NOTE: Positive net cash flow = The amount left over after all fixed costs and variable costs are subtracted from gross lease income, however before debt service is subtracted.

And that is how I got a PHD in Mid west cash flow market investing Nothing like being on the ground and pounding on doors trying to figure out how the heck things could go so wonky so quickly..Now I am as busy as ever but I just retooled in a fashion that I only need one full time book keeper everyone else runs their own business..

In Australia they have a term for neighborhoods like Candler Park, East Lake, Kirkwood --  they're "city suburbs,"  as opposed to the Western suburbs, and have urban city issues as well as suburban issues. 

Typically, if that bottom stuff is through a turnkey company offer, that will nearly cement in turnkey stone fashion zero profits ahead.

My question is to those who have started out in a similar fashion and the best way to find a good mentor.

I am looking to start wholesaling so I can start to make money in order to purchase my first investment property. I live near Rochester ny, does anybody do wholesaling in this area? How is the market? Is this type of ...

OR and other Western states.