sounds like you are expounding on this    http://www.ccim.com/cire-magazine/articles/323227/2013/09/cap-rate-calculations-todayReasonable when market caps (sales) are not available but not a good substitute when they are.

Glad you found it.So I'm going to recap where I'm understanding your steps and expound on how it might work for me. 1.

LolTo expound: you DEFINITELY don't have to wait 2 years....I graduated with a biology degree and immediately got a job at best buy (obviously not in my field). 30 days later, I had a pre-approval letter and was making offers.

I agree with Kristine Marie Poe .But to answer your question of why you should know it...and to expound on why you should ask....In my opinion, You only NEED to know their mortgage amount if you plan on using some kind of seller financing rather than offering all cash.  

@Denise Evans to expound on this thread.

I wouldn't drill them with a list, but them expound on their opinions of the neighborhood."

@Robert Burns Can you expound upon why you're not happy with Ring Central?  

Bryan, can you expound upon the statement where you said "Anyway, the best deals on the MLS are not the ones that you have to jump onto quickly though."?

quick question - care to expound on what you meant here:"Remember you don't have to own a property to control it."   

@Dawn Anastasi  can you expound on what you meant by the more you learnt about the deal the angrier you are?