My original partner - we started flipping property back in 2006 and essentially he dropped 140k into my LLC bank account.  

I'm essentially shooting myself in the foot a bit by targeting a less populated area, but I believe that owning land and developing systems of self-reliance is a far more stable investment than any other I have studied.

@David JenkinsIt's just the ratio of Net Operating Income (what you're essentially earning on your asset) divided by the property/asset value.If you earned $10,000 NOI on a $100,000 property your cap rate is 10%.Now you can compare that 10% to how other assets or investments are performing.

She signed that lease last year where it states this.Obviously it's "convenient" for the tenant to know she can simply drop the check or money order over to me because I essentially live next door.....but what she doesn't know (because it's none of her business) is that later this year I will be buying a fourplex with an owner occupied FHA Loan and therefore will be moving away from her so obviously she won't be able to just drop the check over to me at that point.I have another property with tenants in it and they are on "ERentPayment" and it's working out really well.Any advice from the BP forum will be appreciated. 

I had a rehabbed house in a nice neighborhood, however the school district my house is in was less than desirable.Depending on property blast's database, you may have better results that I did. 

What wholesaling is, is essentially being an unlicensed real estate agent with a fraction of the tools in your toolbelt that a licensed real estate agent has in theirs. 

I couldn't find any REI clubs in Mobile so BP will be essential to my success.

I have had tenants ask me this before, and the answer is essentially always no because there's more profit holding the property.

.- Buy in good school districts.  

Patrick Donovan 203k loans are great but essentially you are taking the equity out of the house and using some of that to repair your house. lol it's always a catch to something that's too good to be true......I found this out recently as I thought it was just money from a large sum of money the government gives out.