I have seen when part of rent is applied to credit, but never when seller charges an interest, as banks do...why it is so?

There is so much opportunity around why hold onto something that loses money?

That said, BiggerPockets is like the largest group of mentors there is, so why not start by asking any questions you've got here on the forums and as you can see, you'll probably get pretty good answers quickly.I expect that is why you're seeking out a mentor . . . might be worth a try.

However, I'm finding a number of properties that seem like they would net me so much more than the "$100 per unit" after the 50% rule that is so often discussed in these forums, that I can only assume I must be missing something.For example, take this Sacramento Duplex:Price: $50,000Monthly Rent: $1,600Expenses (assuming 50% rule): 800Mortgage (assuming 20% down, 30yr @ 7%): $266Profit: $534 (or 267/unit)Or this San Bernardino 4-plex (each unit is 3/2):Price: $100,000Monthly Rent: $3200Expenses: $1,600Mortgage (same assumptions): $532Profit: $1,068 ($534/unit)Coincidentally, these properties give the exact same ROI.Now, I'm certainly not suggesting these properties are everywhere, but I normally find a few new listings like this each month (most last about that long before they're taken down - I assume because someone snatched it up).However, assuming I'm patient and assuming the properties I'm finding with comparable numbers pass inspection, with a 60k investment, I'd be looking at about $38,400 in profit per year, or a 64% pre-tax return on my investment.Common sense tells me I must be missing something, but even with pessimistic projections I can't see what it is.

Your feedback is priceless and the reason our site is so successful, I believe, is that beyond my core values and the direction I've set this site heading, I also listen to my members wants and needs.As for turning people off because of one forum that's exclusive to PROs, I think that's silly - even if it does happen.

Everything really is so much easier to understand when put in terms of bacon...

It is so much better when someone I am working with speaks the same language that I do, and I don't have to "dumb down" what I'm saying to get a point across.That being said, I would never want to buy property from a BP member, because I'm sure I would never get a good deal :P.

.- Do NOT ever accept anything less that what is due (it is so tempting to get some money), because it can set a precedent for courts to use later and gives them an extra month in the house (you cannot evict or get a judgment during a month when any payment was accepted).- Inspection and pictures on move out are absolutely necessary.Congrats to all you responsible investors who are hanging on to your properties and fighting through these times!!

The second may or may not be made whole, again depending on if this value is real or imagined (not easy to tell the difference for many these days or if any lien holder still believes to property is worth much more than it really is).So pretend you have the third you bought for 2k.

There is so much to learn here that it is incredible.Work hard and try to ask as many questions as you can if you hit a sticking point.