We're actually going to just start deleting posts that get nasty in the future, so we do appreciate when you agree or disagree nicely.Sorry to sound disparaging, but the admins/mods have grown weary of the state of political talk here on the site.Again, thanks for keeping your emotions and name calling in check.

So a lawyer does nothing but hamper communication with the customer and make the process take longer.

Finding a fully performing property especially at the 50% suggestion with multifamily is a non starter.A trophy property the owners will demand a premium.The typical buyer is a doctor,lawyer,etc. who wants a newer property in turn key condition to us as a tax shelter.They don't really need the income all that much.What I see most investors going after including myself is value add deals.Where you have a burnt out landlord or a property with deferred maintenance or both.Some people have more money than sense and do not make good managers.The value add deal is where you can create equity and cash flow the quickest.Many investors love apartment foreclosures from banks.There is no emotion like from a regular seller but also there isn't usually as many ways to structure a deal.So each avenue has it's pluses and minuses.If you talk to banks they are hoping the market gets better.If you talk to buyers many say we are still in a recession and will not pay the banks prices based on over inflated appraisals.So what you have is a stand still in the bid-ask gap pricing.Some product is moving but not the kind of volume to turn the market around yet.If you want start out with one house and build from there.I agree with everyone on the fees.The contractors will suck you dry.You have to know what work you want to do and not to do.I tell contractors I want investor pricing and that I am very cheap and want a deal.If they are looking for a retail deal don't even waste my time.Between plumbing,electrical,pest control,lawn maintenance,and on and on your cash flow can go out the window real fast.On my apartment building I have a cheap handyman mow the grass and do minor repairs.Grass company wanted a one year contract and 210 a month!

Keep them watching while you present the benefits with emotion. 3.

Doing spread sheets is silly, this is not an emotional buy, it is what it is.

I use MailChimp for maintaining my blog subscriber list and for creating/sending all my Newsletter communications...

Does HUD communicate to listing agents about whats going on?

and STICK with itLEARN TO WALK AWAYTHROW EMOTIONS out the window!!!

For buy-and-hold/cash flow investors, it's better to purchase a multi-unit dwelling.Price of single family home is jacked up (relative to rental income potential) because families will pay more for a home for emotional reasons.

When its based on pure speculation then I think it can become destructive to other people's understanding if they don't understand that.People come on here and get advice that can drastically alter their lives, and I deeply respect the responsibility we all have in communicating our OPINIONS in that environment.