Hi,I thought that a good first post would be an introduction and saying hi to everyone out there.I live in the San Francisco bay area, working in the tech industry with a strong desire of doing something that produces some more cash than what my bank savings account does (almost negative).Came in here with the desire to learn more about REI after reading Brandon Turner's "The Book on Investing In Real Estate with No (and Low) Money Down" book, which I read after reading Robert Kiyosaki's "Rich Dad, Poor Dad".

Hey BP,Curious if anyone out there can chime in on what specific projects within a rehab produce the best ROI.

Income is the whole reason people buy income producing properties. $179K per unit seems outrageously high to me. that makes no sense hahaNone of it make sense.

The following results that I don't understand are:Proforma Cap Rate   6.05 %Cash on Cash ROI  6.24 %Purchase Cap Rate   9.04%What are the acceptable results for purchasing a rental property and what do these terms mean?

As far as cashflow is, it looks like they won't produce much.

The property have become a liability/burden for them and as a result they stopped paying property tax and willing to let the City/County "take it away" from them.  

Some of us are starting out, some are just getting our feet wet (done a few deals like me) and some have been featured on pod casts like @Anson Young.You can use the search feature to find "wholesaler Denver" and then from the results select people in the left column and you will see all of us that have wholesaler and Denver in our profile.

I'm new to this game and I quickly found that the best source of deals are homes that can't get mortgages because they're to dilapidated.I'm new, I'm still learning, and I occasionally don't know as much as I think I do as a result.

HELOC's typically have floating rates or fixed rates for much shorter than a 30 year term.Closing with cash (or money from a HELOC) and then refinancing later (pre-or post 6 months), will result in less closing costs than closing with a loan and then refinancing later.  

So the top property on the search results says "You meet this properties criteria and this property meets 16 out of 18 of your preferences."