I was lucky to be married to a great woman who has been able to support me and our daughter (who is now in college) and has been saving money for about 25 years.We live in a home that has been mortgage-free for about 20 years and has increased in value about 21/2 times what we paid for it in 1984.  

Yesterday I was over there and, amazingly, they are still alive. 

There is some amazing history, culture, and architecture here.

I learned the hard way how to go nuclear with HOAs because I had a client many moons ago buying a condo up in Sacramento for what appeared to be an amazing price.

Amazingly, it's gone up about ¥3,000,000 since I bought it 4 years ago.

BP is an amazing resource to help you navigate it when you close!

Btw, a cap rate alone doesn't mean much if we do not talk about appreciationSure mate,It's quite simple for meI run 3 companies and a staff of 20.I negotiate hard and find deals where nobody is lookingMost are very distressed and need a tonne of work.15% net would be the minimum I would do for my personal portfolio and the numbers just go up from there.I'm in the process of buying a 10 unit in a B class up and coming area that i will be into for a total of $200,000 with projected net rents of $40,000+ (I'm keeping the numbers very basic here)So, no offense but I wouldn't let you know as I keep such deals for myself lolI suggest you look into the Midwest as there are many blue collar working class markets (No where near ghetto) that offer amazing numbers.You just have to manufacture the numbers from the start and then have a good team in place to make it work.Team work makes the dream work in any market no matter what the online stats are showing regarding the demographics and unemploymentMuch successps.

My initial interest has been to buy and hold with the idea of providing a monthly cash flow and also longterm equity, so the idea of flipping right now unfortunately doesn't align with my current work schedule, though the profit your friend looks to make is amazing. 

That view is amazing. 

Hi all,I'm excited to have such an amazing network of beautiful minds here on BP.