Hi Elliot,To really analyze the deal, you'll want to factor in a few things (i.e. repair expenses, vacancy, etc) that you may have overlooked from your numbers above.Try searching for "50% rule" on here, or check out this (rather long) sticky thread to get an idea of things you'll want to consider:http://www.biggerpockets.com/forums/52/topics/17612-where-does-the-5-rule-come-from-

Here's what I do:- BiggerPockets -- Real Estate Investing networking & connections- Twitter -- connect with people and companies of all shapes and sizes & interests- Facebook -- connect with friends and colleagues- LinkedIn -- connect with people I know exclusively- G+ - connect with people who I find interestingI've tried FB & LinkedIn groups for connecting and I've found them to be mostly a spammer's paradise.Otherwise, I connect with bloggers on their article's comments and with them in the above mentioned networks.

Jump in and get involved in the discussion on site and you'll quickly build up your network.Don't forget to set up keyword alerts for terms of interest to you so you can keep up with topics of interest.Good luck.

Don't forget to set up some Keyword Alerts for some terms that you wanna be kept in the loop about, like "Realtor" so when those topics are discussed, you'll be notified.

Just FYI, that ----^ is not at all how the formatting looked in the create topic page.

I can not add too much more to what J. has said on this topic.

@Bill Gulley, Sean brought up the topic himself and we did stray that way per his initiation.Everyone is a policeman.

Is this not the right forum for this topic?

there's a time to buy & a time not to. now's not really the time.was reading an article from the summer this morning:detroit, which everyone gave up on, went up 1.5% in July alone.

Here's a link to a pretty good thread on it:http://www.biggerpockets.com/forums/95/topics/76193-actual-value-or-replacement-costIn my experience, the people that like them are insurance agents.