Brandon Turner mentioned in one of the podcasts that he started paying $3-4 an hour and when the assistant reached his desirable level of expertise, he started paying her on commission basis.

- It depends on the sellers motivation and desire to move on.  

If I can bring you any value with my time,resources,and desire to learn more about REI I would jump at the opportunity.Thanks

I have no desire to be unethical or even viewed as such.  

Don't believe in net worth in RE either, I've seen my net worth declined by 5 times in 2008, because I had a lot of ''equity''.I only believe that true wealth is a future cash flows discounted at desired rate of return

My suggestion is to work backwards -- figure out the most you can sell it for, and then determine how much of a profit that would realistically leave you if the buyer purchased based on the 70% rule (or whatever formula your buyer will use).If that profit amount is worthwhile to you, it's a reasonable deal for you to pursue...The deal will determine your profit, not your desires -- the better you negotiate the deal, the more profit you will make.

And if you learn how to execute a value play, there is huge money to be made if you so desire.  

However, I have a strong desire to do this and know its possible.

Lot of older rich landlords and tons of vendors for everything your land-lording heart could desire.

The market is so tight in Dallas right now that full-time investors (particularly smaller players) are paying more for deals, because less profit is better than no profit, particularly if you are dependent on that income.3.  2% is a mirage in most reasonably desirable areas of DFW.