I'll push on and start studying for that license then :groovy:

Do you ask them to prove they have financing?

Study hard - read books on the area of investing you are interested in and read every word on this website until you thoroughly understand the business.

Nice study and thanks for sharing your results.

While I agree with you that it is a good idea to review tax returns, leases, etc, in many instances the unsuccessful "investors" that we are buying these properties from have TERRIBLE records and they prove worthless in doing an accurate analysis.

If you have no mortgage payment, then the cash flow would be 1/2 of the gross rents (the other half goes to operating expenses).If $500K is a lot of money to you, then I would do some SERIOUS STUDY of the rental property business before you buy anything.

Our next step is to study sales and market trends of improved (developed or built-on) properties in a selected area.

I think that you simply were not interested in this question seriously and you like careful type of investments.But the mortgage crisis in the USA proved that old and kind don’t always mean profitable and reliable.

Some can be reasoned with others not so much.After my extensive study of the Bill Gatten system.

I study this site and other materials.