:cry: I really thought 7500 was going to be the bottom, as it was tested a few times and did not break through until today....So much for that theory!!!!!!!!!

People run ads advertising a home for rent/sale/rent to own just to test the market when they don’t have a property there.

I would not want to be the test case in our court system.

I've been looking at buying MF apartment complexes near campus here in Houston and it seems that either the Seller is not really wanting to sell (just testing the waters, seeing what the market is throwing out) or the Seller's expectation of price is too high (low low CAP).I know I should look at other city markets for student housing, but I haven't found too many listings (Brokers) who are in the student housing MF market.

Your odds of successfully pulling it off are slim and none.Find something easy.Updating kitchens and baths is the most expensive thing you could do.

Just doing a test run on my understanding of the "Rules of thumb" and math skills.

I somewhat envy those who weather'd the initiation test and eventually infiltrated the REO system.

She followed certain rules that had withstood the test of time: "Invest in stocks for the long term," "owning your own home is your single best investment," "spend your entire career with one organization," These 'rules' are not working anymore.

I took the real estate licensing classes and took the test to become an agent in PA.

But if I were going to set out to do it, I would do this (or have an assistant do this):* Scan Craigslist Leads* Scan leads from other local newspaper* Scan leads from FSBO magazines at the grocery store, etc* Put them all in a spreadsheet or Highrise* Search all their numbers on whitepages.com* Search them all on the do not call list--cross off those who are, because it's still soliciting even if you're not selling something* Call them all 3 times until you get a live person on the phone* Pre-screen live answers and work the dealI would probably call 200-300 numbers as a decent test and then compare:* The time it took* Any costs involved* what % of sellers were motivated* Ask if it's worth it and proceed if it is