This is short-sighted. 

And then in Los Angeles, you get the appreciation and some cash flow if you either lucky or managed to construct your real estate deal that way.But in the end, the basic principles of Real Estate (constructing a song) must be adhered to otherwise, whomever is playing solos over your basic song structure will sound bad no matter how good he is BECAUSE the basic song structure that DICTATES what solos he plays will sound meh!

(hind sight, it needed every bit of the $10K in work that they asked for, so I wish I would have done this deal)About 3 weeks later, I put it under contract again at $242,000, this time the buyers had a complete inspection, (which I now have a copy of)  which discovered the $10K worth of work (new windows was the major part, some insulation, a few reverse polarization plugs, and cosmetic repair in one unit)  that needed to be done.

I am finalizing the paper work for my LLC and have a property in sight in my neighborhood.

If you have an hour or two and go through the tutorials you really get a basic understanding of good design principles.

I do not trust any statements that they may have which show a "principle balance".  

The sold data is not public record in those states, it may still get recorded on MLS, but who knows.Both have the same principle, filter the data to find exactly what you are looking for.  

Real Estate Principles, and2.

I like 15-25% but have been okay with 10% , 15% when principle pay down is counted.

I haven't been successful yet in finding a firm to work with for the next few years, but I am continuing my search in a few principle markets, especially NC's 'research triangle'.Thank you all for keeping this community going.