I would also verify that the rent rates are market rates.Good Luck.Bill

The number in the books are the first thing you want to verify as true before spending money on everything else for DD.

I initially got interested right out of college, when I didn't have much capital, didnt have a stable job and was living with my parents.I'm now living in Jacksonville, Fl with some saved capital and a bit more maturity, and I'm ready to jump into the REI industry.

From the time he initiated the set up of the IRA on Dec 9, and the funds were in there and ready to wire to the title company on Jan 16.

I'm a few investor and came across what initially looked like a good cash flowing condo for a relatively small investment.

My initial thoughts with the people that have approached me over the past couple years was to split the cash flow because they weren't interested in being hands on but wanted long term cash flow.

If someone comes to me, I'll send them your way.If you need help in your search or want to verify something don't hesitate to ask.I have clients worldwide and things are just as easy as I e-mail them, talking on the phone.

I have a renewed interest and have spent the past couple of months doing some initial learning.As I said, I do not have any real experience with real estate investing.

Either way, making an 15% return on your initial investment is all smiles.

@Sean KuhnIf you put 12K of initial capital improvements into the property at purchase then I would include that amount in your initial capital cost (purchase + cost to put in service) and use that amount when calculating CAP, CoC, or any other measure of return.