:SIX SIGMA: The fundamental objective of the Six Sigma methodology...I've been part of implementing Six Sigma, ISO 9001 and various other efficiency and accountability models, and I can flat out tell you that you're going to have a hard time getting them to work without all your contractors actually being employees.These types of efforts require all members of the team to be "on board" with the implementation, and I can promise you that you won't get contractors to help with these types of initiatives unless they're being paid for all the extra time they're putting in.Trust me on this

I still need to find renters, but the market looks promising.

And I can promise you that you would not want to live below us.

Your deal, regardless of the promises you could possibly make will not relieve him from his obligations in the mortgage you assume, not immediately, after one year a lender will give it consideration.

If your buying turn key you will always be paying a margin which is fine as long as the group has your interest at heart and they have great property management to take over and hit the promised "paper numbers" in real life.Thanks and have a great day.

maybe I am missing something but I can never understand why it is sometimes OK or justified to pay above retail for a property because the supplier promises you something special?

I can promise you that.

Eventually growing demand will start to generate interest in new development again; Rinse and Repeat... and that's my short version, I'm working on an in depth white paper that should be up on our website in the next few weeks.On to point two, Break Even Ratio or BER and I promise to be brief so I'll start with this example from my book:BER is a measure used by lenders to insure that there is a cushion of revenue above the minimum required expenses so that they can still be repaid if everything doesn't go according to plan.

This is not a business where you can afford to over-promise.

I promise you will nit be disappointed either.