Are you in a market that was already"hot" and desirable?

My desire is to slowly build wealth through building a track record of credibility with the best players in the market (Be they investors, financiers, Lawyers, CPAs, etc.).I would like to hear from more seasoned investors on the importance of building a network for the long-term.

Quick lesson on Band of Investment Cap Rate:LTV x Interest rate = Debt Cost+Equity x Equity Yield Desired = Equity ReturnDerived Cap RateExample:(80%LTV) x (4.0% Interest Rate) =            3.20%+ (plus)(20%equity) x (10% Desired Yield) =         2.00%Cap rate need to achieve above =             5.20%Hope that helps.

This site is a gold mine to get you where your heart desires in RE.

Take your estimated ARV, subtract purchase price, fixed costs (buyer closing costs and points, holding costs, seller closing costs, real estate agent commissions), rehab costs, and desired profit.

But I appreciate what was said about not  borrowing from the 401k.I may let this ride a bit longer until I have all the debt paid off, or he comes back to me again with more desire to unload.

The reality is that in this day and age there is no way to prevent tenants from finding out all the information they desire about owners/landlords.You should always introduce yourself to new tenants as the owner by name.

You can pull a list from listsource of all of the duplexes in a specific zip code and narrow them down by equity % and any other criteria you desire I.e absentee NOD market value etc. then reach out to the owners.

Many of the downtown areas of these cities have the historic buildings and walkable neighborhoods that more people are finding desirable today.

But wrapped in a mystical cloak they became attractive to the uneducated investor with cash but no desire for due diligence.There's actually nothing wrong with the tic structure.