Based on what you're looking for in the Tampa/St.

This is certainly text book and absolutely the proper way to analyze a deal.Im not sure what he owes on the home but based on the payment and the year it was bought and the fact that its 20 min from Austin im just going to throw out 500K for conversations sake.500K compounding annually at 3% for 5 years comes out to approx $578,000, and you have the loan paydown aspect as well obviously. 

I wound up putting an offer on a house in Indianapolis after communicating with several knowledgable people including a great realtor and other investors.

This was based on asking a lot of questions, seeing if they answer them in a BS way, ask for referrals for some of their existing clients and research them and make sure they are in the market. 

Challenge is +95% of agents only deal with owner-occupied transactions, which are emotional-based purchases, and are actually pretty clueless when it comes to helping an investor make a numbers-based purchase.Don't believe us?

NO, you do not determine how much sec 8 is going to pay, it's based on the FMR and in some cases they pay more. 

What are the pros and cons of being in a smaller group vs bigger group, based on your experience?

It's important to weigh the pros and cons of each approach based on your risk tolerance, comfort level, and long-term goals.Good luck!

Took me a minute but while we may disagree with some of this I guess your basic premise from your last sentence that foreclosures are based on fraud is one I can't argue.

(The question I am asking is in the 2nd paragraph by the way, if you missed it) I will not even look at a property unless I am getting 15- 25% NET per year, based on cash purchase.