Jimmy, during your conversation if you inform the other party that anything they might say will be public knowledge and while you say something to that effect press the record button that can be notice, you don't have to say this conversation is recorded for training purposes (lol).But on to other aspects.

The important aspect is what the take-out lender's appraiser will use for comps.If the area has some active "nice" homes for sale, you should be OK; but if the only properties moving are the REO's it will definately impact your ARV.

I own a few properties but want to do all aspects of real estate.

You can build a team of experts, meet buyers and sellers, find financing sources and learn about many other aspects of real estate investing.I look forward to learning more about you.

If you have good credit and an income, you should be able to obtain a 70% loan on the real estate alone, but I doubt you will get much at all on equipment....used rest. equip. is almost 10 cents on the dollar.Another aspect might be finding another resturant owner and partner with them.

I plan to be very honest about every aspect of my business.

As said in an earlier post, I think the real time aspect is very helpful.

It is very true that the most important aspect is the financial numbers.

I think my plan will be is to focus on the direct mailing fully instead of trying to focus on every aspect of getting leads.

Which is not just about the numbers but considers other important aspects of the property such as location, demographics, zoning, crime, soil, wetlands, flood area, red tags, condition, age, lead paint, etc.