(Even though I'm in Memphis, I connected with Hector because he is a like-minded real investor and a fan of SUCCESS magazine.  

When I worked at the collection agency, all calls were recorded and were frequently used during court.  

I am a huge fan of the KISS concept, but at the same time I want to limit my exposure to risk....

Unless you are dealing with unprofessional/unethical appraisers.Best wishes.I don't think it's evidence of unethical behavior at all that purchase appraisals hit the contract price way more frequently than refinance appraisals hit the owner's estimated value.On a purchase appraisal, you've got a giant data point that is lacking on a refinance appraisal: We know for a fact that someone is willing to pay that price, because we've got a fully ratified contract right in front of us telling us that they will!

That is not to say that you can't make a good return with it, just beware of the potential of more frequent turnover and more involved suite preps after each tenant. 

Property #2   Chicago  (not a big fan of the chicago area but you will see why I bought this property - see below)when: 3/2016$200,000 purchase price, Rent $20005bed, 2 bath, 2161 sqft living area, 1117 sqft basement Sale price: $92.51/sqft    Comps:  116.75/sqft, 94.85/sqft, 128.44/sqft    Final appraised at $215,000 at purchase.25% downpayment at 4.25% fixed for 30 years.  

I spoke with someone the other day who stated they wanted to get into flipping because they are huge HGTV fans and have a good personality for real estate.

Jesse,I'm a fan of Reservoir Hill because of the new developments that are going on in the area - and increasing sales.

I'm not a fan of BOOM/BUST state investing because I am looking to invest for CASH FLOW, not appreciation and speculation, which is why I'm looking to invest OOS in areas that have signs of emerging markets through growth, jobs, stronger economy, etc.

Needless to say, I'm a huge fan!