Not quitting, I'm just on to a next phase that I will need the money and attention for.

Anyone paying attention to politics for the last week will know what two separate stories I'm bringing together in a most brilliant manner. :-)

A friend brought it to my attention and I would like to get an oppinion on it.Asking Price: $1,350,000Miami, Fl (Downtown Area)22 Units11,500 SQ/FT3 Stories100% Occupied9.7% CAP RateNOI: $131,319Unit Mix:15 - Studios (450 SQ/FT) (Rent $650)6 - 1/1 (550 SQ/FT) (Rent $550)1 - 4/1 (850 SQ/FT) (Rent $1,350)1 - Storage (700 SQ/Ft) (Rent $450)Government SubsidizedExisting Assumable Loan of: $770,000 at 6%, 30 Yrs.Seller Looking for $580,000 Down PaymentDescriptionAppreciating area with a steady government income; under a HUD assisted program.

I was hoping that some of the BP Wholesaling Forum readers would be willing to share the criteria and/or data points they look at when determining if an area is good for wholesaling……now I am confident that BP’s resident wholesaling optimist, Ryan Webber, will say something like “anyplace any time is great for wholesalingâ€â€¦..and I agree that there is much sage advice in this point of view….….however, I was looking to see if any of you used more discrete criteria and/or data points to determine if one area was better than another or good at all and if so, what that criteria was.Thank you in advance for reading and your consideration of my query.

I pay slightly more attention to buy and hold topics since that is what my long term strategy is.

Frankly, a few months of a boycott by investors to such terms in major areas would get their attention I'm sure.

One thing that I have noticed, whether it is forum posting, blogs, emails, instant messages, etc... is that many times, a reader will put an entirely different emotion on the written word than the writer intended.

Really pay attention to what their terms are and if you would still make a profit with all their fees and interest rates.

Is it lack of management attention, the economy, the overall condition of the property?

Now that you’ve put all this time to make sure it gets opened you better have something CLEVER to grab their attention, because once they realize that they just got a letter about being in foreclosure or whatever you are offering then their demeanor will surely change….I figure you have 3-5 seconds to grab their attention.