I know everyone says "don't look at anything that doesn't gross at least 1%/month of cost" that's only the first cut and IMO it's a way to sure ruin.I don't know what taxes, insurance, maintenance, utility and turnover costs you'll experience, but I can tell you they will drop your return down to about 5%, about what you could get in a CD or money market.

There's redevelopment, but that could cut both ways if developers build too many new units and drive down rents in these buildings.

Don't cut coners by trying to save money, their are peopel that specialize in this just like you specialize in investing in real estate or what ever line of business you are in that others are willing to turn over the ranes to you because you have these specialize knowledge.Let the cpa take careof your taxes you hould be able to find a cost affective cpa for under $750 a year than can and will help you get your business position for growth.

His corner cutting didn't sit well with me, so I left..

So when the Road cuts in my land value will go from 3.6 Million to 13.7 Million.

I never see anyone ask about the situation of the property or qualify an answer before clicking off a quick 50% rule underwriting.I would be happy if people would just say that their analysis is just a first cut and that it only works if rents are priced correctly.

Hey I was going to try to help her wholesale it and get a cut since she didnt even know about wholesaleing until I told her!

I am still going to be under my 3K budget and it will be done well before my self imposed deadline of one month, but remember when buying a HUD home or any home that hasn't been lived in for a while, no matter how good of a inspection you do, there are going to be little things that pop up that will cut into your profit.

I refuse to use it.Also, I highly recommend hot keys.For example,Apple - Delete(sends a file to trash)apple - c(copy)apple - v(paste)apple - x(cut)F keys for volume and monitor settings.There are hot keys for many other things.in firefoxapple - t(new tab)

Do you think I'm cut out for this field?