I didn't know it at the time, but I got incredibly lucky.I'm looking for more investment properties in Cincy, and I'm in the exact same boat as you.

I love the BP podcasts and you're absolutely right the information is incredible!

It is prohibited to allow your pet to produce waste on any lawn/turf area within the association.

Actually, we got more than our monies worth because it went over schedule by 2 hours ...Ok, that part wasn't the coolest, at least not to my dog who had his legs crossed by the time we got home :P I agree with @Luc Boiron and @Larry Smet's points, and if I may add, some parts of it vaguely reminded me of 'that time in Mexico' when I got nabbed by timeshare sharks lol Sharks and such aside, it was an incredibly informative and motivating event - and yes per @Michael Ramzy, lots and tons of note taking!! 

If they really do produce enough Monthly Cash Flow and you really want them, then, make him an offer in writing, once you know what he owes to the Bank.

It was primarily financed by a 1031 exchange on a vacation property my parents owned that was producing negative cashflow (so they decided to reinvest).

I just ran some numbers through a couple different calculators (non-BP ones) and it seems that in order to produce a potentially positive cashflow (and even then with a pretty low CoC and Cap Rate) the sale price of the home would have to be closer to $470k w/ a 20-25% downpayment and all expenses would need to be on the minimal side.

Simply put, the 1% rule says if you can produce 1% of the purchase price of the home in rent then it is likely to cash flow* *This is a tool and not meant to be definitive.

I recently read of incredible tax incentives...

We won’t be able to get back to each person individually, but if you are chosen by our producers, they (Alex or Mindy) will be in contact with you within a month or two!