Always liked the idea of real estate, but not until I found BP did I appreciate concepts like finding a niche, reserves, what cash flow truly is, etc.

.$50/-55sf = formica in rental units built close to the $52-55/sf$55-60 = Granit Counters or 2cm Granite plus custom marble counters in bathrooms unless Buyer selects full granite option if the have time to do so prior to fabrication.25 year 3 tab roof shingles/ 5:12 pitch/ brick fronts & mailbox with rear and side elevations hardi-siding/  9' plate line/ vaulted to 11' in great room areas and kitchen (open concept plans)/ Stained Concrete Floors/ Pre-Fab Cabinets/ Chrome Fixtures/ Wall have batt insulation/ Attic blow in insulation/ std vinyl windows/ Fiberglass shower tub units and also a garden tub with wall tile/ all Chrome appliances but no refer/  std 3.25 base/ std doors - nothing upgraded/ no fireplaces/ 10x15' rear patios/ 2 car garage/ traditional style homes....Land cost here was cheaper when I first got into this market.  

As much as I like the concept of "sweat equity", we just don't have the time or expertise for a major (or even minor) renovation. 

I've read rich dad poor dad recently, but I wasn't really able to understand the details behind his concepts.  

The public employee pension will be deemed "unfair" and eliminated and the apartment complex will be "property taxed" out of profitability because the concept of Personal Property is no longer tolerable by the Majority.

I also love the concept of system thinking.... making sure that everything can be broken down into pieces so that it can be delegated and farmed out. 

This smoothes out the inflation a bit nationally, but it also inflates markets like Cleveland more than they would naturally, due to the ease of distance investing now.Many articles in our local business journal recently discussed how lifelong apartment reposition-ers are moving into development due to the completion in the apartment space.

@Rick Pozos I've read about Sub-To and understand the concept but have never done it nor do I know anyone that has.

The discussions cover many different topics so you may want to go straight to the bottom if you just want to learn the "friendly loan" concept.

E=mc2 is also a formula but like a cap rate it represents a much more complicated concept.3.