The excitement of the deal will have to be the payoff, maybe a nice dinner with partners to celebrate that, but I cannot lose sight of long term goals. 

Valuation is an art based on principles.

Have already completed the Real Estate Principles course and passed the exam with a 95%.

We used to pack a bottle of wine, a picnic and go mansion sight seeing.

Sometimes on home at auctions you can not get inside them as the owner might still be in the home so your really buying as-is sight unseen inside. 

Yes, I've wholesaled both condos and MFThe presentation is different since they may be kept as rentals but the same principles apply.

The mortgage is covered by equity in the home and it will pay you about $11K a year, After 5 years with the principle not affected hardly at all you could sell the note and buy another one.

it can only take 1 time for the cops to stop by your property for it to become a nuisance"Unbelievable.My experience has been that local politicians ie city council members are some of the most stupid, short sighted and incompetent of all politicians.

Things will go down but you still have the tenants paying principle down.

My principle pay down is about $18000 a year also.