This gives you the deal evaluation skills that you'll need before putting your own capital at risk and gets you momentum.

It's a nice rule of thumb(I suppose) but if you consider the organic nature of this market, ever-increasing competition and varying investment strategy options--the 70% rule is going to end up hurting you in the long run.

Good news is they add in any paperlosses like depreciation and any 1 time expenses such as a new roof, new kitchen, etc you can prove with organized receipts.Schedule E Calculation:Non-Subject Property:AddLine 3Line 12Line 18MinusLine 20Divide by 12 - mortgage payment = net incomeSubject Property:AddLine 3Line 9Line 12Line 16Line 18MinusLine 20Divide by 12 - PITI = net incomeIf you've had the property on 2 years of returns and the income is increasing they will average the 2 years if the income is decreasing they will use the most recent.

Hopefully with a combination of my skills and education i can conservatively get into investing with some tools and knowledge under my belt.

The number one managing member up here is usually the group sponsor that is the person that has the experience, they have the net worth, they have the skill to be able to operate, and make the decisions in operating the property.

There was immediate talk of conspiracies, Castro, organized crime, was there a political take over, rumors were passed in the news and there were concerns of going to war.

Do you have the skills to fix things yourself or estimate (any construction or rehab background)?

Will explains it pretty well.Each person has certain skills.

Stay active and fish for deals, sharpen you knowledge and skills and be very selective.

She is the interior designer and I am the numbers/operations guy who intend to put our skills to test in purchasing buy-and-hold properties.We just put an offer in on a place in Bremerton.