There were portions that I liked and portions that I thought could be improved upon.I believe that group cohesiveness and openness are two keys to creating the best environment for people to interact whether they be someone new to REI, like myself, or the most experienced member of a meetup.I am curious...What in your opinion makes for the most optimal meetup?

my rule, others may say otherwise but I'm not in the volume game, real estate is my current Business, and I prefer quality over quantity.....just fits my style best.

I am looking for a creative solution to get around the 2 year freelancing income rule.

I like to go one step further when I mail to an LLC & go to the state corporation site and look up the owner's name and address and mail directly to them so that it's more personal.my rule of thumb when mailing to anyone not titled personally is to limit the mail to those properties that I have a real interest in and not a blanket mailer.

That will improve your credibility too with whoever you're working with and show them that you know what you're talking about.

There is plenty of cheap inventory in Torrington and Winsted, however it is a bit rougher of an area and honestly does not look like it will be improving in the next 5-10 years.

@Nancy Wang HUD occupancy rules are 2 persons per bedroom +1, so essentially you could have 11 people in your home.

If you were to setup such a plan and start receiving returns from a property investment, you could reinvest that return into anything the IRS rules allow.  

Example:  Purchase price = $250,00020% Down = $50,000Rehab = $50,000Cash required = $100,000 plus closing costs Mortgage =$200,000 (4.5% APR / 30 years)P & I = $1,013Rental Income = $2,500Expenses (50% rule) = $1,250NOI = $2,500 - $1,250 = $1,250Cash Flow = $1,250 - $1,013 = $237 per monthDo not forget the HELOC paymentIf you do the BRRRR strategy the difference will be in your mortgage payment.  

How accurate is that 70% rule.