For instance, if you were to ask me, I'd say I am looking for houses in my area that are 3br/1.5ba, 1000+sqft with garage at 70% to 75% of ARV (after repair value) minus repairs.  

For instance, here in Houston I don't believe that it is possible to get 2% of the purchase price for rent.  

If you are buying vacants for investment, I would do a quick search to make sure the area is livable, if so, what are people paying for rent.I wouldn't buy a vacant in Detroit, for instance, because I am not sure I would ever find a tenant.

For instance, if I have to pay 5% for money I want NOI/Value to be at least 8%. 

If an assumption of a vacancy rate is not met ( for instance in a year you have 100% occupancy?

I think I could have more to contribute... for instance, I am beginning to learn data-mining so I can scrape data from rental websites to analyse markets easier than plugging numbers into a spreadsheet individually .....maybe this is already done for me or I can help you too?

I mean ever.Yes or no, not maybes.The letter of intent basically says,Name of owners, property name, today's date, name of prospective purchaser, name of purchaser's company, intention to purchase on these terms as a principal.Purchase priceif lease with option, market rent, 12 month term with extensions, exercise price, etc.If subject to, purchase price, date of possession, date first payment, date of walk through, etc.If wraparound mortgage AITD, purchase price, note payment, interest rate, etc.

For instance I do my lawyers computer/network work for large discounts.Good Luck

In these instances you may want to drive offline traffic online via more traditional methods.

The current building was inhabited till Oct 9/07 but is in need of extensive renovations.