How much you need will depend on the circumstances surrounding the particular property you are buying.Once you get the property in operation and stabilized, your reserves will build from the monthly operating expenses.Good Luck,Mike

You can look at what similar buildings went for via the price per square, but it's true valuation stems from the NOI (Net operating income).If the gross rents are $3k monthly and the lease is a NNN, then your only expenses are accounting, legal, administartive, entity formation, and PM if you choose to use one.Assuming the total operating expenses come to 20%, your NOI= $28,800If the going cap rate in that area is 10%, then the value is $288,000If the going cap rate is 12%, then the value is $240,000.$3 per square NNN for industrial is pretty cheap, although I am not familiar with your area rates.

Some states have passed laws making them virtually illegal, and look at them as scams to prey on homeowners in trouble.

Rents have stayed virtually the same so a lot of out of state investors have been buying these homes.

To determine the NOI, you need to know the operating expenses.

I'm looking to get into Virtual Wholesaling; and Memphis is one of my considering-spots!

In general, virtually everything in the real estate market slows down come the holiday season.

BTW, I've skied at several Intrawest resorts, but I've never known them to operate any condos at the resort.

Reminder: This ends tomorrow (Dec 31).For more detail on what is included at no charge (quite a bit -- name check; filing; bylaws / operating agreement; share/member certs; QuickBooks Simple Start): Check the biggerpockets classified:http://www.biggerpockets.com/forums/53/topics/26064-free-llcs-corps-from-intuit-s-mycorp-ends-dec-31-?

I've always wanted to get into Virtual Wholesaling, just not sure how!?