A lender runs the numbers and realize the investment is solid and they will provide 70% of the purchase price.Now you run inspections, appraisals, legal fees, environmental reports....etc...etc and incur 100k in costs in due diligence.You still need to tie up an equity partner/investor for the remaining 30%.Would you be asking the investors for 300k (the 30% on the $1M purchase) or would you want to ask the investors to cover the 30% + the "load" 100k?

Anything less would be wasting your time.

I could go back and quote all the silly things you said in your early posts (like maintenance expense being $6 per unit per month), but I'm not going to waste my time doing it again.So, if you don't use the 50% number or some other number, how do YOU determine the proper expense number to use for a given property?

Anyone know of a good company, site or list management company that has a solid product.

If you have a solid and trustworthy sphere of influence you're good to go, if you're new to town, you have to do some pretty humbling things to gain peoples trust.Oh, and lots of times when you tell someone you're a realtor, you'll notice that the look in their eye means that they are not interested!

One of the contractors who was in to give an estimate mentioned my bed and bathroom doors--standard hollow core doors--and said originally they were ugraded solid panel doors for that house.

Furthermore, I always make cash offers, so you never have to worry about delays resulting from a buyer trying to qualify for a mortgage and wasting your valuable time.I’ll be glad to personally tell you more about how we can work together.

It may take a little longer than you hope, but with solid preparation and a firm commitment to your success you will get where you're going.

Matt,You're just wasting your time - it's as simple as that.

Trust me I have been there and done that and wasted a ton of money.