Laundry, vending machines, etc need to be in the top line)$94,020 x .5 (50% expense ratio) = $47,010 NOI$47,010/0.08 (8% Cap Rate) = $587,625$47,010/0.07 (7% Cap Rate) = $671,571The real opportunities with these properties is in increasing the NOI and keeping good records to pass to the appraiser and future potential buyers that you did so.  

I am wondering if there are any virtual RE meet up groups for investors who are interested in the Indianapolis market?

Has anybody had a virtual assistant cold call for leads?

Maybe they shouldn’t have threatened to sue the guy who called and offered to sell them an answering machine.

Private money could be an option but virtually no hard money lender is going to be in 2nd position or be willing to accept someone else being in 2nd position.

Virtually everyone in Congress owns investment real estate.

.#5 Practice, Practice, PracticeWalkthrough potential rehab properties (or find properties virtually online) and practice creating detailed scopes of work, quantifying repairs and estimating rehab costs for the projects.#6 Get Your First Rehab ProjectYou can practice all you want, but ultimately you will learn the most about estimating rehab costs by actually rehabbing a house.

I told him I was and thinking there's still other competition on in, I offered full asking even before getting a virtual walk through...

It was listed at $479k and the agent kept telling me the price was firm and being virtually unresponsive for a week. 

I am on site virtually every day this month overseeing the renovation of the house next-door and would like to maintain a firm but cordial relationship.