Different approach for tenants in Class A apartments and class -C tenants.

@Richard C. 

@Louis Leone We use Cap 8%+, c/c 12%+, and dcr 1.6%+ to determine a good deal.Are you active in the local REIA's and landlord association meetings?

Originally posted by @John C.

@Elizabeth c yes, I'm normally very laid back but on this first deal I was nervous!!!

I invest in B/C areas as well. 

@Richard C. 

@David C. and @Ned CareyIf you read the Ohio case I posted, although there were charges that the investor could not represent his own corporate entity in court, the main reason the charges of practicing without a license were brought were due to the investor approaching homeowners to transfer properties to his entity "subject to" the mortgage, then his entity failing to pay the mortgage.    

An A property in an A area will have a much lower cap than a C/D property in a C/D area.Also, properties on the west or east coast will simply have worse caps than say the rust belt.In your area Mesa caps > Glendale caps > Phoenix caps (generally speaking).

But I'm sure when I find deals, they will come :D  Right now I'm advertising on C-list, and looking into estate sales, as well as some other more traditional advertising.I'd also like to say THANK YOU to all the people at BP that have taken the time to share what they know.