Just advertise in the housing wanted section in craigslist and you'll probably get some leads.

At 7% for a 30-year fixed loan, you can afford to carry about $79K in mortgage.Of course, make sure that your numbers actually support the 50% rule in your area.

I think another important thing to keep in mind is that after you go to a few of these meetings (the REIA group I meet with meets once a month), it will be extremely obvious which investors are actually doing things- and big things at that.We started each meeting with "open floor" where people could advertise a service, a property, or share a story.My experience was that about 80% of the people in the room where either new, doing very few deals (or getting very little response from whatever marketing they were doing), or just weren't doing anything at all!

Furthermore, with finishing the rehab work in the incomplete units, improving management, and doing an appropriate advertising campaign, we're confident we can get that occupancy rate much, much higher.

The property is placed in service whenever the property is available and advertised for occupancy.

In fact, I put a post on Craigs List advertising it and I've already gotten several inquiries.

If you tried this rezoning in my neighborhood, the city would be very supportive because its consistent with their plan.

I'm worried about how long it will take to put us out of our misery.Since the government is elected and supported by the vast voting power of the lazy, the disenfranchised and the entitled, we may be in for an extended period while the government tries new fixes and various bandaids before realizing we're way past the tourniquet stage.Bleeding out will not be fun and will probably occur in ways different from the past, except in the pain.And the end result will either be a new and truly great government and society, or something very, very bad.

Just make sure you've got all the figures to support that cap rate.Good luck,donrock

Then, figure out what you want for option money, rent, and deposit, and start advertising.