@Jonathan Taylor SmithI keep hearing about off-market deals; what is the best advice you would give to someone still scratching the surface of the basics of buy and hold and flipping?

Usually, it'll take 3-5 touches to convert leads into responses, however, responses can surface before 3 touches too.

On the surface you would think that a higher cap rate is good.

@John Wahba On the surface it looks interesting, but after adjusting some figures that I believe are low, your returns will be decreased.First, $10,000 in closing costs seems low to me.

This is actually more a gray area than it appears surface-level...IRC Sec 1402(a)(13) was codified in 1977, before LLCs were even on the Treasury's radar.  

At face value, I dont like the deal, but if you are planning to rehab, and the ARV is much higher, and you can get top dollar for rents, who know, the deal might look ok, but im looking at this from the surface.

On the surface this looks like a good deal.

I have taken a 9 hour apartment investing working shop and it was fantastic but barley scratched the surface of the process because there is so much to learn.  

I've noticed a trend bubbling under the surface of stained concrete floors as opposed to carpet or other flooring materials.

Honest question, I've heard you say "buying cash flow at a cost of $2 for every $1 returned" On the surface that looks like a ROI of 50% ($1 returned/$2 invested), but I'm curious to how you arrived at that ratio.