Ben Leybovich,We have had conversations about cash flows being leveraged with debt.

We also look forward to conversing with you!

Definitely be sure to set up some Keyword Alerts for "Washington" so you can jump into local conversations and be informed when we have local meetups!

Not just for REI, but for everyone.Stick around the forums, stay motivated, engage in conversations, keep reading, just be an information sponge!

I look forward to some good conversations and hearing your input.

If your target was a 10 cap but the inspector said a new roof was needed now for 8,000 you would go 86,940 purchase - immediate capex (8,000) = 78,940 offer priceMost investors shoot for about 100 minimum a door clear after anticipated costs and debt service per month.Remember the costs average out to 50% but some years you will use more and some less but it will average over time close to this.Big ticket items you need to build a cost reserve stable of when those items will reach past the life expectancy and plan accordingly.If you look at the BP file vault on here there is some free stuff and I believe a cost reserve stable in excel example is on here somewhere.

Also how would the conversation look with the seller because I too have only dealt with actual properties.

You accountant can help you with setting up a cut-off amount for checks to be written, (consider the balance of the account for a prudent cut-off amount) you'll make life easier for one to buy smaller items.

I look forward to conversing in other forums!

I have a lease that makes requirements; no inoperable vehicles or machinery, trash carts returned within 24 hours, no furniture or other items left outside unless designed for outdoor use, lawns kept in like manner of other surrounding properties...etc.