Lots of cool features here.What kind of classes are you guys taking right now?

SO now my goal is to do one every 2 months or my goal is to find partners so I can do 2 or 3 at the same time, with that price rance of about $165-$175k with repairs... since I didn't have enough money to buy CASH a house like all investors want in California, but not a lot has enough money, I analyzed the market since last November, and found out that the Condos 1br/1ba, if I have to do buy and hold on it, or resell under the market as I did on this one, for a Buy & Hold investor, that is possible to cash flow and having a cap rate between 7% and 9%... 

Nice work, cap ex is the hardest figure to estimate.  

Pro forma has the cap rate at 10.12%.  

Get out of town, literally. 3.5% cap rates just aren't going to cash flow.

If I cannot find something, it might be better to just pay Uncle Sam rather than to buy something that will get traided out later. 15% cap gains on roughly $300K vs. 2x the 6% sales commissions + closing costs.But maybe there is something I am failing to see given my limited experience.

Hi BP members,I need help analyzing the follow:In Houston Rental market (suburban), most will follow the 1%...so here is my calculation for getting a rental house that can rent out for $1500/month, at $150KMonthlyRent1,500 18,000 50% rule (tax, insurance, HOA, Maint 10%, Vacancy 8%)(750)(9,000)Mortgage(539)(6,468)Cash Flow211 2,532 Price150,000 20% downpayment30,000 Closing Cost4,000 Total Cash out34,000 Cash on Cash Return7.4%Cap Rate2%If I get COC return at 7.4%, why should I or any other investors do it? 

If I sell, there will be 300K cap gain and 80K deprec recapture.

Just some of the features include...  7+ Bedrooms, 4 Full and 2 half bathsHuge master suite with a second bedroom suite on the other end of homeLarge indoor pool with 1,000 sqft green houseHuge kitchen with large fireplace2 story Great Room with huge fireplaceLibrary with fireplace, dining room, office, huge laundry room on 1st floorBasement with fireplaceSeparate 4 car garage with covered walkway to main home with caretakers quarters aboveStorage BuildingThe property estate is divided into 2 parts.  

NOI is multiplied by a cap rate that fluctuates under market conditions.This formula renders how the asset is 'actually doing' in the current market.