Unless they had a million to start with or some very lucky circumstances.So from what I have seen price seem fair if the product is TOP shelf if its just retread of owner financing... fact that you can lend money in a SIDRA or other very basic topics then a trip to the library would suffice.Although the camaraderie at these can kick start someone.. but usually it wears off in a month or so and they are just out their dough... that's the rub on paid RE education in todays market place.

Now there's where you can make big bucks...and it is much more stable.

If you buy in the more expensive areas that are not flooded with rentals.. you will never get close to 2% you will see  1/2%  to maybe 1% if your lucky... but GENERALLY your in a much nicer stable investment that will not be as I stated so management intensive...

That's awesome how rent prices are more stable than real estate prices.My original thought was that competition from other landlords brings prices down because they'd be scooping up properties for cheaper and wouldn't need to charge as much.

I just want to get the darn shelf up there so I can store by stuff.I also didn't want to study the manual that comes with QuickBooks.

I possess a stable job making roughly 75k a year, but have poor credit/divorce.

The Metro area is much more stable (and safe!). 

But the numbers look like this:Plans 2k (off shelf, pre-made, bought and modified), Permits not identified, Demo 5k (600 sq ft tear down house), building 130/sq ft (finish material on roof and flooring not to exceed $2/sq ft).

I seriously doubt those numbers.Do not market properties until you know the true cap rate and how long occupancy has been stable and what tenants were put in there with rent credits and concessions.People say these high caps and it plays on buyers greed when the buyer should not look with blind eyes but be realistic with the market and analyze the numbers on quality properties.POF is ( proof of funds).

Economy in the area is stable and there is moderate buy/sell activity in the area.