So he got schooled pretty good.Caveat Emptar to the 10th power...

Your acquaintance that inherited their properties have not seen the power of equity and the increase in the value of the house. 

You can do this by looking up tax records, then cross reference his name to see if he owns any others.Knowledge is power in negotiations.  

It's definitely not got the business power that the West Coast has but I don't think it's anywhere near the top end right now.

Anytime when you have to upgrade the electric, repair a main power line, pressure test a main gas line etc.

Take into account you have to pay insurance and a general power bill, have someone who collects rent and facilitates move ins but still the number could still produce some serious cash flow.

If there's adhesive from the carpet, sand it off and the power wash the concrete clean.2.

The trends are much more powerful than who is president and interest rates policies.  

You guys really give me hope, I wish my husband and I can be a power couple like you guys. 

This is the power of understanding more sophisticated Financial calculations.It's exactly why I tell Investors that you cannot just use CoC.If you learned IRR really well and can put together the kind of analysis that I just did, you can invest in any market and compare all kinds of Investments, not only Real Estate, but every kind of investment because they will all have an IRR analysis.I am hoping this thread will get some attention, but I'm afraid it won't.Here is the one with NEGATIVE Cashflow but still returns a 6% IRR.It's amazing what Investments can open up once you have a FULL understanding of all the Calculations.It's also only Math.