People are still putting money to work in long term rental plays.  

Well, 'maybe' I'm just too accustomed to playing by California's rules.

One guy has a track record of closing deals and the other doesn't, how do you think that is going to play out?

So I'm moving on, I'm trying to do a 100% seller finance deal today on an 8 unit apartment, in light of no one else coming to the table, we'll see how that plays out.

________________Thanks Gideon, I will surely include the extra numbers to play it safe and so that the rehabber / end buyer will have all their costs covered, but I noticed you based these deductions from the ARV and not the asking price, do I make these deductions using the ARV from sold comps.?

Oh well, purchase prices over here in Finland are kind of ridiculous compared to the rental income you get.Anyway, I am dead set on becoming financially independent before I turn 40 years old (I'm 26 at the moment) and have decided that real estate will play a large part in this plan.

It includes a role playing transaction between Will and I that we tried off the cuff about 5 years ago and bombed big time....LOLOther than that, you can now have live chat on the Principals of RE, investor transactions and Notes for only $29.94 simply by sending me your debit/credit card number for the Biggerpockets Chat Education Class

YES if you are willing to admit to yourself that you will be ETHICAL and play the game to win.......

I also give him a bonus if he comes in under budget. 

Let me know if you want to put some money in play in Atlanta.