He's probably a republican plant too.

Thats why I added you as a colleague RW!!!

Keep in mind when reviewing the numbers, that the next acquisition will be another rehab and hold for rental and will be a cash deal adding to my total cash flow.

I agree that removing soe ites and adding a few tradelines is only a temporary solution.

Also, since this market is still going down, when figuring future value of a home, instead of adding a certain % of appreciation to the house, have you been depreciating the house based on local market conditions?

It has been an added bonus for my newbies that I am there to help them out with any problems.

But we do have $20,000 in savings.I'm taking into concideration:- moving expense and time- location and crime- Cheaper places are likely to have other expensesAnd are the ads for $1000 rentals just scams or really bad areas?

It is under 15% if you toss in travel expenses...So you might figure a rough estimate of NOI like this...40 pads at $200 per month, owner pays all utilities.so 40 x 200 x 12 = 96,00096,000 x .6 = 57,600now take the NOI and divide it by the CAP rate you want to buy the park for... so lets say a 12 CAP57,600 / .12 = $480,00014 CAP...57,600 / .14 = $411,428and so on... finding parks with expenses that can be cut are a real key to adding huge value quickly to a purchase.

Post a fake ad for a wholesale property on craigslist, postlets, etc.

Supposedly, someone at the time of my father's death put ads in the papers of the last known city where the mother and/or daughter lived.